Formosa lands 20 banks for $700m loan

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Formosa lands 20 banks for $700m loan

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City night scenery with beautiful bridge in Taipei, Taiwan, Asia. | ChenPG - Fotolia

Formosa Steel IB has signed up a total of 20 banks for its $700m fundraising, in a deal that saw a large chunk of the lower level of the deal going to Taiwanese lenders.

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