Taiwan

8 Financial Institutions currently invest or make available an estimated USD$ 424.30 million in nuclear weapons companies.

References

Bank of Taiwan

Bank of Taiwan currently has an estimated USD$ 102.50 million invested or available for the nuclear weapons producers identified in this report.

Loans

In September 2010, Aecom secured a US$600 million four-year term credit agreement at a base rate of LIBOR+250.000bps. The proceeds were used for general corporate purposes, to increase working capital, for refinancing and acquisition needs. Under the credit agreement, Aecom borrowed US$ 600 million in term loans and may borrow up to an additional $100 million in term loans upon request subject to certain conditions. Bank of Taiwan was part of the ten bank syndicate and provided an estimated US$ 45 million.1

 

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. Bank of Taiwan was part of the 24 bank syndicate and participated with an estimated US$ 20 million.2

 

In July 2010, General Dynamics secured a three-year revolving credit facility with a value of US$ 1,000 million at a base rate of LIBOR+50.000bps. The proceeds were used to refinance the loan secured in July 2009 and to provide a backup for commercial paper. Bank of Taiwan participated in the 21 bank syndicate, committing an estimated amount of US$ 37.5 million.3

 

Chang Hwa Commercial Bank

Chang Hwa currently has an estimated USD$ 10.00 million invested or available for the nuclear weapons producers identified in this report.

Loans

In October 2010, Alliant Techsystems secured a US$ 1,000 million five-year credit facility, comprising a US$ 600 million revolver and a US$ 400 million term loan. The proceeds were used for refinancing, to increase working capital and to finance capital expenditures and acquisitions. Chang Hwa Commercial Bank was part of the syndicate of 20 banks and provided US$ 10 million.4

E Sun Financial

E Sun Financial currently has an estimated USD$ 105.00 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. E Sun Commercial Bank, a subsidiary of E Sun Financial, was part of the 24 bank syndicate and participated with an estimated US$ 20 million.5

 

Hua Nan Financial Financial Holdings

Hua Nan Financial Financial Holdings currently has an estimated USD$ 35.00 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. Hua Nan Commercial Bank, a subsidiary of Hua Nan Financial Holding, was part of the 24 bank syndicate and participated with an estimated US$ 20 million.6

 

In October 2010, Alliant Techsystems secured a US$ 1,000 million five-year credit facility, comprising a US$ 600 million revolver and a US$ 400 million term loan. The proceeds were used for refinancing, to increase working capital and to finance capital expenditures and acquisitions. Hua Nan Commercial Bank, a subsidiary of Hua Nan Financial Holdings, was part of the syndicate of 20 banks and provided US$ 15 million.7

 

Mega Financial

Mega Financial currently has an estimated USD$ 20.00 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. Mega International Commercial Bank, a subsidiary of Mega Financial, was part of the 24 bank syndicate and participated with an estimated US$ 20 million.8

 

Sinopac Financial

Sinopac Financial currently has an estimated USD$ 20.00 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. Far East National Bank, a subsidiary of Sinopac Financial, was part of the 24 bank syndicate and participated with an estimated US$ 20 million.9

 

Taiwan Business Bank

Taiwan Business Bank currently has an estimated USD$ 65.90 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. Taiwan Business Bank was part of the 24 bank syndicate and participated with an estimated US$ 20 million.10

 

In March 2011, Huntington Ingalls Industries entered into a US$ 1,225 million credit facility. The facility was split in two tranches: a US$ 650 million revolving credit facility due January 2016 at a base rate of LIBOR+300.000bps and a US$ 575 million term loan due January 2017 at a base rate of LIBOR+325.000bps. The proceeds were used for general corporate purposes. Taiwan Business Bank participatedin the syndicate of 20 banks, providing an estimated amount of US$ 45.9 million.11

 

Taiwan Cooperative Financial

Taiwan Cooperative Financial currently has an estimated USD$ 65.90 million invested or available for the nuclear weapons producers identified in this report.

Loans

In June 2013, Aecom entered into a US$ 750 million five-year term loan at a base rate of LIBOR+150.000bps, a second amendment to an existing credit agreement from 2010. The proceeds were destined for capital expenditures, to repay all obligations owing under the existing credit agreement, and for other general corporate purposes. Taiwan Cooperative Bank was part of the 24 bank syndicate and participated with an estimated US$ 20 million.12

 

In March 2011, Huntington Ingalls Industries entered into a US$ 1,225 million credit facility. The facility was split in two tranches: a US$ 650 million revolving credit facility due January 2016 at a base rate of LIBOR+300.000bps and a US$ 575 million term loan due January 2017 at a base rate of LIBOR+325.000bps. The proceeds were used for general corporate purposes. Taiwan Cooperative Bank participatedin the syndicate of 20 banks, providing an estimated amount of US$ 45.9 million.13

 

References

 


  1. Thomson ONE Banker, ”Tearsheet 2624708115”, Thomson ONE Banker (www.thomsonone.com), 15 September 2010; AECOM Technology Corporation, “United States Securities and Exchange Commission: Form 8-K”, AECOM Technology Corporation, 16 September 2010 (www.sec.gov/Archives/edgar/data/868857/000110465910049499/a10-18203_18k.htm); AECOM Technology Corporation, “United States Securities and Exchange Commission: Form 10-Q”, AECOM Technology Corporation, 30 June 2011 (edgar.secdatabase.com/2765/110465911044335/filing-main.htm). 

  2. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). 

  3. Thomson ONE Banker, “Tearsheet 2614271115”, Thomson ONE Banker (www.thomsonone.com), 8 July 2010; Bloomberg Database, “Loan finder”, Bloomberg Database, viewed November 2011. 

  4. Thomson ONE Banker, “Tearsheet 2632374115”, Thomson ONE Banker (www.thomsonone.com), 7 October 2010; Alliant Techsystems, “United States Securities and Exchange Commission: Form 8-K”, Alliant Techsystems, 7 October 2010 (www.sec.gov/Archives/edgar/data/866121/000110465910052198/a10-19273_18k.htm). 

  5. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm).))

     

    In October 2011, URS entered into a US$ 1,700 million credit facility at a base rate of LIBOR+150.000bps due October 2016. The facility was split in two tranches: a US$ 1,000 million revolving credit facility and a US$ 700 million term loan. The proceeds were used for refinancing bank debt and general corporate purposes. E Sun Financial participatedin the syndicate of 16 banks, providing an estimated amount of US$ 85 million. ((Thomson ONE Banker, “Tearsheet 2784451116 and 2784452116”, Thomson ONE Banker (www.thomsonone.com), 19 October 2011. 

  6. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). 

  7. Thomson ONE Banker, “Tearsheet 2632374115”, Thomson ONE Banker (www.thomsonone.com), 7 October 2010; Alliant Techsystems, “United States Securities and Exchange Commission: Form 8-K”, Alliant Techsystems, 7 October 2010 (www.sec.gov/Archives/edgar/data/866121/000110465910052198/a10-19273_18k.htm). 

  8. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). 

  9. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). 

  10. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). 

  11. Thomson ONE Banker, “Tearsheet 2710668116 and 2710669116”, Thomson ONE Banker (www.thomsonone.com), 31 March 2011. 

  12. Thomson ONE Banker, ”Tearsheet 2987265115”, Thomson ONE Banker (www.thomsonone.com), 7 June 2013; AECOM Technology Corporation, “United States Securities and Exchange Commission: Second amended and restated credit agreement”, AECOM Technology Corporation, 7 June 2013 (www.sec.gov/Archives/edgar/data/868857/000110465913049042/a13-14922_1ex10d1.htm). 

  13. Thomson ONE Banker, “Tearsheet 2710668116 and 2710669116”, Thomson ONE Banker (www.thomsonone.com), 31 March 2011. 

This page contains country specific information from the 2013 Don’t Bank on the Bomb report. It identifies which financial institutions have significant financing relationships with one or more of the 27 nuclear weapons producers.

The financial institutions identified include banks, pension funds, sovereign wealth funds, insurance companies and asset managers. They have provided various types of financial services to nuclear weapon companies. The most important are loans, investment banking and asset management.

All sources of financing provided since 1 January 2010 to the companies listed were analysed from annual reports, financial databases and other sources. The financial institutions which are most significantly involved in the financing of one or more nuclear weapon companies are shown here. See the full report for both a summary and full description of all financial institutions which are found to have the most significant financing relationships with one or more of the selected nuclear weapon companies, by means of participating in bank loans, by underwriting share or bond issues and/or by share- or bondholdings (above a threshold of 0.5% of all outstanding shares or bonds).