Chailease International Leasing Co., Ltd. (“CILC”), the overseas subsidiary of the Taiwanese leasing giant Chailease Holding Company Limited (“CHC”), has successfully obtained a USD 30 million three-year syndicated loan to fund its working capital for business expansion.

A total of 8 banks participated in the syndicated loan, with Taipei Fubon Commercial Bank and DBS Bank Ltd. acting as the Mandated Lead Arrangers and Bookrunners; Mega International Commercial Bank and First Commercial Bank as the Mandated Lead Arrangers; and Chang Hwa Commercial Bank, Taiwan Business Bank, Bank of Panhsin, and Sunny Bank Ltd. as the Lead Arrangers. This is CILC’s first sustainability-linked loan case, which will see interest rates reduced based on CHC’s achievements of environmental, social and governance metrics.

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 Small and Medium Enterprises (SMEs) in Vietnam. CILC has become the largest financial leasing company in Vietnam since 2016. Besides its HQ in Ho Chi Minh City, CILC has one branch in Hanoi and six offices located in Can Tho, Hai Phong, Binh Duong, Da Nang, Dong Nai and Long An, respectively. The company has plans to further expand with a wider range of products and services for its ever-growing overseas 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. 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.