Nomura Asia Holding NV, a wholly owned subsidiary of Japan’s leading financial service group Nomura Holdings Inc, yesterday secured a three-year syndicated loan of US$150 million from 13 domestic banks led by Taiwan Cooperative Bank (TCB, 合作金庫銀行).
“This was the first syndicated loan outside Japan raised by Nomura, which expects to build up a long-term partnership with Taiwanese financial institutions via the deal,” TCB chairman Liu Deng-cheng (劉燈城) told a signing ceremony in Taipei.
The banks oversubscribed the loan by 50 percent on the original request for a US$100 million loan, an indication that the domestic lenders recognized Nomura’s leading position in Japan’s financial market, TCB said in a statement.
Liu said that Nomura acted as an intermediate holding company for a majority of Nomura’s Asia ex-Japan entities, including Taiwan, Hong Kong, Singapore, Malaysia, Indonesia, Korea, Vietnam and Australia.
The fund will be mainly used to fund the Japanese borrower’s operations in greater China and other countries in the Asia-Pacific region as part of its efforts to explore businesses outside Japan, the statement said.
“Taiwan is one of the key countries in our Asian businesses,” Kenji Yokoyama, senior managing director, Asia ex-Japan at Nomura, told the Taipei Times on the sidelines of the ceremony, adding that Taiwan has shown a great commitment to Japan.
“Considering syndicated facilities, this is the only one we have signed outside Japan,” he said. “The fund will be used for world-class services.”
Yokoyama said he hoped that with this syndicated facility, the company’s Asian revenues, excluding Japan, would increase three times in three years. He declined to provide an estimate.
Nomura operates offices in more than 30 countries and employs more than 25,000 people worldwide. Its services include brokerage, securities underwriting, corporate advisory and asset management, the statement said.
Other banks taking part in the syndicated loan include Jih Sun International Bank (日盛國際商業銀行), Taishin International Bank (台新國際商業銀行), Bank SinoPac (永豐銀行), Bank of Taiwan (臺灣銀行), China Development Industrial Bank (中華開發工業銀行), Bank of Panshin (板信商業銀行), Far Eastern International Bank (遠東國際商銀) and Yuanta Commercial Bank (元大商銀).
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS