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Micron Technology wants to build a manufacturing facility in Singapore to supply products to customers in Asia and will need about $2 billion in SGD
Micron Technology wants to build a manufacturing facility in Singapore to supply products to customers in Asia and will need about $2 billion in SGD over the next 5 years. Sea Technology (a Singapore company) wants to expand US operation and needs $1.3 billion worth of USD to build a campus and hire people over the next 5 years. Micron can borrow USD at 2% for 5 years and 6% in Singapore in similar maturity. Sea can borrow at 2.85% in Singapore and 5.5% in the US for 5 years. How much interest payments over the next 5 years can Micron and Sea save if they agree to a currency swap
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