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According to term sheets circulated among potential investors, the fundraising, managed by Deutsche Bank, is structured as a five-year facility, comprising non-convertible debentures (NCDs) with an expected yield of about 18%.
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Workers making clothes for the fast fashion giant tell the BBC they labour for up to 75 hours a week.
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Leading tech firms are said to have committed 14bn towards the project, which could create more than 13,000 jobs.
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