UNITED MICROELECTRONICS CORP | CIK:0001033767 | 3

  • Filed: 4/26/2018
  • Entity registrant name: UNITED MICROELECTRONICS CORP (CIK: 0001033767)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1033767/000119312518132616/0001193125-18-132616-index.htm
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    • ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory

      (13) Long-Term Loans

     

      a. Details of long-term loans as of December 31, 2016 and 2017 are as follows:

     

         As of December 31,       

    Lenders

    		    2016      2017     

    Redemption
         NT$      NT$       
         (In Thousands)      (In Thousands)       

    Secured Long-Term Loan from Mega International Commercial Bank (1)

    		    $ 21,916      $ —       

    Effective August 1, 2012 to August 1, 2017. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Mega International Commercial Bank (2)

    		      8,000        4,000     

    Effective November 21, 2013 to November 21, 2018. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Mega International Commercial Bank (3)

    		      —          8,200     

    Effective July 3, 2017 to July 5, 2021. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (1)

    		      17,530        —       

    Effective May 25, 2012 to May 25, 2017. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (2)

    		      39,324        16,853     

    Effective July 10, 2013 to July 10, 2018. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (3)

    		      14,843        10,276     

    Effective February 13, 2015 to February 13, 2020. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (4)

    		      18,735        13,382     

    Effective April 28, 2015 to April 28, 2020. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (5)

    		      6,441        4,724     

    Effective August 10, 2015 to August 10, 2020. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (6)

    		      107,027        95,135     

    Effective October 19, 2015 to October 19, 2025. Interest-only payment for the first year. Principal is repaid in 37 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (7)

    		      2,067        1,476     

    Effective October 28, 2015 to April 28, 2020. Interest-only payment for the first half year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Secured Long-Term Loan from Taiwan Cooperative Bank (8)

    		      5,553        4,165     

    Effective November 20, 2015 to November 20, 2020. Interest-only payment for the first year. Principal is repaid in 17 quarterly payments with monthly interest payments.

    Unsecured Long-Term Loan from Bank of Taiwan (1)

    		      1,125,000        —       

    Repayable quarterly from October 31, 2015 to July 31, 2017 with monthly interest payments.

    Unsecured Long-Term Loan from Bank of Taiwan (2)

    		      —          300,000     

    Repayable quarterly from March 23, 2019 to December 23, 2021 with monthly interest payments.

    Unsecured Syndicated Loans from Bank of Taiwan and 7 others

    		      1,385,000        1,246,500     

    Repayable semi-annually from February 6, 2017 to February 6, 2020 with monthly interest payments.

    Unsecured Long-Term Loan from Mega International Commercial Bank

    		      948,712        474,356     

    Repayable quarterly from October 4, 2015 to October 4, 2018 with monthly interest payments.

    Unsecured Long-Term Loan from E. Sun Bank

    		      222,222        —       

    Repayable quarterly from December 24, 2015 to December 24, 2017 with monthly interest payments.

    Unsecured Long-Term Loan from Taiwan Cooperative Bank

    		      950,000        —       

    Repayable quarterly from March 24, 2016 to December 24, 2017 with monthly interest payments.

    Unsecured Revolving Loan from CTBC Bank (Note A)

    		      1,000,000       —      

    Settlement due on January 25, 2021 with monthly interest payments.

    Unsecured Revolving Loan from KGI Bank (Note B)

    		      1,000,000       —      

    Settlement due on December 25, 2019 with monthly interest payments.

    Secured Syndicated Loans from China Development Bank and 6 others

    		      22,381,561       29,989,811    

    Effective October 20, 2016 to October 20, 2024. Interest-only payment for the first and the second year. Principal is repaid in 13 semi-annual payments with semi-annual interest payments.
      

     

     

    		    

     

     

    		    

    Subtotal

    		      29,253,931       32,168,878    

    Less:  Administrative expenses from syndicated loans

    		      (5,241 )      (3,542 )   

    Less: Current portion

    		      (3,001,503 )      (2,522,052 )   
      

     

     

    		    

     

     

    		    

    Total

    		    $ 26,247,187     $ 29,643,284    
      

     

     

    		    

     

     

    		    

     

         For the years ended December 31,  
         2015      2016      2017  

    Interest Rates

    		      1.10%~2.95%        0.98%~4.66%        0.99%~4.66%  
      

     

     

    		     

     

     

    		     

     

     

    		  

     

    Note A:    UMC entered into a 5-year loan agreement with CTBC Bank, effective from January 25, 2016. The agreement offered UMC a revolving line of credit of NT$2.5 billion starting from the first use of the loan to the expiration date of the agreement, January 25, 2021. As of December 31, 2016 and 2017, the unused line of credit were NT$1.5 billion and NT$2.5 billion, respectively.
    Note B:    UMC entered into a 5-year loan agreement with KGI Bank, effective from September 25, 2014. The agreement offered UMC a revolving line of credit of NT$2 billion. This line of credit will be reduced starting from the end of the second year after the first use and every twelve months thereafter, with a total of four adjustments. The expiration date of the agreement is December 25, 2019. As of December 31, 2016 and 2017, the unused line of credit were NT$0.5 billion and NT$1 billion, respectively.