20 banks holding Jiangsu semiconductor loans $750 million

By mid August, 20 foreign banks formed the "strong faction" in the successful signing of Hynix STMicroelectronics Company Limited (hereinafter referred to as "Hynix Italy") $750 million syndicated loan of 12 inch and 8 inch ultra large scale integrated circuit project. "The first about $400 million in loans will soon be issued. Industrial and Commercial Bank of China Jiangsu branch, general manager of investment banking, the syndicated loan chief negotiator Kang Tao said.

In the syndicated credit risk control, first of all fixed assets of the borrower collateral mortgage, staging entrusted management and shareholders of underwriting cost, by the people known as the classic domestic project financing.