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Innolux to sign $1.5 bln loan next Tuesday - sources

Tue Nov 10, 2009 11:39pm EST

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TAIPEI, Nov 11 (Reuters) - Taiwan's Innolux Display (3481.TW), the world's No.2 LCD monitor maker, is set to sign a T$48 billion ($1.5 billion) syndicated loan with 19 banks next Tuesday, two sources with knowledge of the deal told Reuters on Wednesday. The five-year loan is the largest arranged in Taiwan since the collapse of Lehman Brothers late last year, and is spilt into two tranches -- T$17 billion for working capital and the remaining T$31 billion for expansion of one of its LCD plants, one of the sources said. Both sources declined to be named because they were not authorised to speak publicly about the matter.

(US$1=T$32.4) (Reporting by Baker Li and Stephanie Tong, Editing by Jacqueline Wong and Jonathan Hopfner)



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