Lite and 15 banks signed 5 years of huge loan contract

In September 23, 2008, 15 banks such as Citigroup and technology signed a 5 year period of NT $15 billion and a subsidiary of Perlos 100 million euro loan contract. Lite said the loan funds as a long-term capital needs and future expansion of the core business, to replace the current 2 year bank loan to loan period of 5 years, with the acceleration of global business growth. The over subscription rate up to 30%, showing the banking sector of the support and recognition technology future development direction.

Lite further pointed out that the loan case a total of 15 banks involved. As a result of this 5 year loan interest rate case, NT for 90 days in Taiwan secondary market for commercial paper interest rates 55 percentage points, the euro was part of the London Euro overnight rate (Euro Libor) increased by 67.5 percentage points, Lite stressed that the level of interest rates quite competitive.

Lite said, the future will continue to engage in LED and the high power generation power supply energy-saving products, power converter to energy products, to "source" products for the development of the core, cross the solar industry this creative field, actively construct "green technology" supply chain.

Source: Lean news