Wednesday, 24/08/2022
Chailease International Leasing Co., Ltd. (“CILC”), the overseas subsidiary of the Taiwanese leasing giant Chailease Holding Company Limited (“CHC”), has successfully obtained a USD90 million three-year syndicated loan to support its business expansion. In which, 80% of the funds will be used for the financing to micro, small and medium-sized enterprises in Vietnam in the form of a Social Loan, and the others for general corporate and working capital purposes.
This syndicated loan was significantly oversubscribed by 1.41times on the back of strong participation of banks. A total of 7 banks with Taipei Fubon Commercial Bank and Mega International Commercial Bank acting as the Mandated Lead Arranger and Bookrunner, Hua Nan Commercial Bank and Land Bank of Taiwan as the Mandated Lead Arrangers, and Taiwan Cooperative Bank, The Export-Import Bank of the Republic of China and Bank of Panhsin as the Participants.
Under the approval from State Bank of Vietnam in 2006, CILC started its operation in Vietnam in 2007, rendering domestic financial lease, import financial lease, sales and lease back to micro, small and medium-sized enterprises in Vietnam. CILC becomes the largest financial leasing company in Vietnam since 2016. Besides the HQ in Ho Chi Minh City, CILC has one branch in Hanoi and six offices in Can Tho, Hai Phong, Binh Duong, Da Nang, Dong Nai and Long An. The company has plans to further expand with a wider range of products and services for its ever-growing client base.
CHC is the ultimate holding company of CILC. CHC was incorporated in 1977 and was successfully listed on the Taiwan Stock Exchange in December 2011 with a market capitalization of USD 10+ billion in 2021. CHC remains the largest leasing company in Taiwan with a market share of over 40% and is amongst the Top 50 companies in Taiwan, in terms of market value. CHC’s revenue has been gradually increasing with a record of USD 2.5 billion for FY2021.
