Mega Bank Successfully Completed NT$13.74 Billion Syndication Loan for Walsin Energy Cable System

Mega International Commercial Bank successfully completed a NT$13.74 billion syndicated loan for Walsin Energy Cable System Co., Ltd. (Walsin Energy Cable Systems), with the signing ceremony held on April 9. The event was co-hosted by Hua Kwang-Hua (胡光華), President of Mega Bank, and Justin Wong, COO of Walsin Energy Cable System, alongside other key representatives.

Supporting ESG-Focused Growth

Mega Bank served as the lead arranger and administrative agent for the loan, incorporating Environmental, Social, and Governance (ESG) criteria into the financing terms to support Walsin Energy Cable System’s commitment to sustainability. This collaboration highlights the joint efforts of the industrial and financial sectors in advancing sustainable development.

The loan will fund the construction of Taiwan’s first submarine cable manufacturing facility at the Kaohsiung Port Intercontinental Container Center Phase 1 site. The facility is a crucial component of Taiwan’s offshore wind supply chain localization strategy. Ten financial institutions participated in the syndication, demonstrating strong confidence in Walsin Energy Cable Systems and its growth potential.

Milestone for Walsin Lihwa and Taiwan's Renewable Energy

Founded more than 58 years ago, Walsin Lihwa Corporation has grown into a multinational conglomerate specializing in wires and cables, stainless steel, resource businesses, real estate development, and renewable energy. Its establishment of Walsin Energy Cable System marks a major step in aligning with Taiwan's offshore wind localization policy. By introducing advanced technologies from NKT Group—one of the world’s top three offshore wind submarine cable manufacturers—Walsin Energy Cable System is set to become Taiwan’s first producer of submarine cables for offshore wind power. This initiative represents a significant milestone in Walsin Lihwa’s entry into the renewable energy sector.

Mega Bank’s Green Finance Leadership

Mega Bank has been a leader in green financing, actively arranging syndicated loans for offshore wind, solar power, and electric vehicles. Since setting ESG financing goals in 2021, the bank has significantly increased its green and sustainable investment and financing portfolio, surpassing NT$840.2 billion by the end of March 2024.

Mega Bank’s excellence in syndicated lending has earned it numerous accolades, including being named “Taiwan Syndicated Loan House of the Year” twice by the Asia Pacific Loan Market Association (APLMA) in 2020 and 2021. In 2023 and Q1 2024, Mega Bank led the Taiwan market in bookrunner volume, according to data from the London Stock Exchange Group (LSEG). Furthermore, it received multiple awards from Taiwan’s Financial Supervisory Commission (FSC), including recognition for outstanding performance in SME lending and six strategic industries financing, among others.

This latest syndicated loan further solidifies Mega Bank’s position as a leader in both financial innovation and sustainability, while playing a pivotal role in supporting Taiwan’s transition to green energy.

Translated from: 兆豐-新聞稿