
For the first time since its establishment, Asustek conducted joint loans in overseas capital markets. It was originally expected to raise US$1 billion, but was ultimately oversubscribed by US$2 billion.
HSBC assisted Asustek's Singapore wholly-owned subsidiary in completing a US$2 billion joint loan financing, which is Asustek's first overseas joint loan and will be used to support expansion plans in new areas such as operational growth and AI.
AI-generated summary
ASUS established a wholly-owned subsidiary in Singapore and organized its first overseas joint loan financing through HSBC.
HSBC recently successfully assisted ASUS Global Pte. Ltd., a wholly-owned subsidiary of ASUS in Singapore, to complete a joint loan financing totaling US$2 billion through cross-market teamwork. (Provided by HSBC)
[Reporter Wu Xintian/Taipei Report] HSBC recently successfully assisted ASUS Global Pte. Ltd., a wholly-owned subsidiary in Singapore, to complete a joint loan financing of US$2 billion through cross-market teamwork. This is ASUS's first joint loan in overseas capital markets since its establishment, which is of great significance. This financing will enhance ASUS Group’s liquidity and financial flexibility and support its operational growth and expansion plans.
HSBC stated that this transaction received enthusiastic support from participating banks and was originally expected to raise US$1 billion. With the active participation of financial peers, the final contract amount was raised to US$2 billion. This result fully reflects the market's confidence in ASUS' business strength and long-term prospects, and also demonstrates HSBC's ability to assist customers who are seeking joint loan financing for the first time to complete large-scale financing. HSBC acted as the exclusive coordinating bank, coordinating bank, bookrunner, and financing agent in this transaction, demonstrating its strength in transforming market demand into customer financing results through teamwork in the Asia-Pacific region.
Chen Zhijian, general manager of HSBC (Taiwan) Commercial Banking, said that this transaction demonstrates that HSBC combines its deep experience in the Taiwan market, global network and cross-border financing capabilities to provide customers with comprehensive financing solutions of scale. As ASUS expands into new areas such as artificial intelligence servers and data center solutions, we also look forward to continuing to support its business development and global layout.
Wu Changrong, ASUS Computer Chief Financial Officer and Spokesperson, said that the world is entering an AI super cycle, and the demand for AI applications is rising rapidly. Asus has deeply cultivated its brand value, gathered innovative research and development energy, and worked closely with global sales channels and platform partners to continue to improve its comprehensive AI layout covering Cloud AI, Edge AI, and Physical AI. This joint loan has received support from an international banking group, which will inject solid momentum into our deepening of AI applications and expansion of global layout. Under the strategy of Ubiquitous AI, Incredible Possibilities, ASUS will be committed to implementing AI applications from the cloud to the edge to meet the diverse needs of global enterprise users and individual users.
Ashish Sharma, head of HSBC's syndicated loan group in Asia Pacific, pointed out that this transaction brings together the professional strength of HSBC's teams in Taiwan, Singapore and Hong Kong. Through the team's in-depth understanding of the local market, rich experience in joint loan financing and close cooperation, the team customized and successfully executed its first overseas joint loan for ASUS, demonstrating HSBC's professional capabilities in cross-border collaboration and integration, and helping customers expand their global business.
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