Winbond Electronics Corp (
Bank of Taiwan (
Winbond will pay an interest margin of 54 basis points more than the two-year time-deposit rate for savings in the nation's post offices.
The two-year rate was set today at 1.69 percent, according to a banker involved in the loan. A basis point is 0.01 percentage point.
The company, which makes computer chips for mobile phones and toys, is borrowing to help fund a new plant in central Taiwan that is expected to open next year, said Mike Liu (
Winbond reported a profit of NT$3.3 billion for the first nine months of last year, compared with loss of NT$1.3 billion in the same period of 2003, according to the company's Web site.