Industrial Bank of Taiwan arranges securitization to finance the expansion of Chi Mei Optoelectronics
Clients Industrial Bank of Taiwan
Jones Day represented Industrial Bank of Taiwan in connection with the TWD $10 billion of asset-backed commercial paper to be repaid and reissued on a revolving monthly basis to finance the expansion plan of Chi Mei Optoelectronics Corporation. The project will bring Chi Mei, one of the Top-3 LCD panel manufacturers in the world, stable cash flow during the next 5 years to finance Chi Mei's expansion plan on its 8th generations LCD manufacturing facilities. The securitization plan was approved by the Financial Supervisory Commission. Jones Day represented the arranger.