Formosa raises $1.15bn for mining project

Australia and New Zealand Bank has provided $1.15bn to Formosa Plastics Group to back its investment in a mining project led by Fortescue Metals Group.

  • By Rashmi Kumar
  • 30 Aug 2013

The Australian bank is the sole underwriter of the loan, and was also the only financial adviser to Formosa Plastics, according to a banker.

Formosa Plastics, a privately-owned Taiwanese conglomerate, is helping develop the FMG Iron Bridge Project mine for which it paid $123m for a 31% ...

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