bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

sponsorType

authorLocations

authors

paywallTypes

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

factSheets

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

copyrighted

customTimezone

liveContents

SCMP Reporter

A TAIWANESE banking consortium is close to approving a US$5.3 billion syndicated loan for the island's Formosa Plastics group to build a petrochemical complex, a spokesman for the consortium said.

     Terms for the loan had more or less been settled. ''We will sign an agreement with Formosa Plastics after individual banks formally approve their loans,'' said Lee Yung-san, president of state-owned Chiao Tung Bank.

     It would be the largest financing facility ever granted to a private Taiwanese business group, bankers said.

     The US$7.5 billion petrochemical complex, Taiwan's largest private investment, will include the island's first private naphtha cracker and an oil refinery. It is expected to be completed in the late 1990s.



Taiwan banking