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Land Bank and Bank SinoPac Lead NT$8.2 Billion Syndicated Loan for Taoyuan Urban Renewal Project

Finance · Major Banks · cnyes · 2026-09-11

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Land Bank of Taiwan and Bank SinoPac have successfully syndicated an NT$8.2 billion loan for a major urban renewal project in Taoyuan, oversubscribed by 124.5%.

What Happened

Loan Overview: Land Bank of Taiwan and Bank SinoPac have co-arranged an NT$8.2 billion syndicated loan for a joint urban renewal project by J-Sun Group and Chang Yao Construction. The funds are earmarked for the redevelopment of the former site of the Taoyuan Hotel, covering approximately 2,175 pings.

Market Reception: The project attracted significant interest from the banking sector due to its prime location and development potential, resulting in an oversubscription rate of 124.5%. Participating lenders include Far Eastern International Bank, the Agricultural Bank of Taiwan, and Taiwan Business Bank.

Urban Impact: The development is slated to become a landmark residential complex with 26 floors above ground and 6 basement levels. It is expected to revitalize the local neighborhood and stimulate commercial activity in the Dayou district as Taoyuan's infrastructure continues to expand.

ESG Commitment: As a policy-oriented bank, Land Bank of Taiwan continues to support urban renewal and seismic retrofitting projects. The bank integrates ESG principles into its lending policies, offering preferential rates for green building certifications to promote sustainable development.

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