Tencent in talks with banks to borrow US$6 billion in Asia’s biggest syndicated loan for a Chinese firm since 2019

//Tencent in talks with banks to borrow US$6 billion in Asia’s biggest syndicated loan for a Chinese firm since 2019

Tencent in talks with banks to borrow US$6 billion in Asia’s biggest syndicated loan for a Chinese firm since 2019

Tencent Holdings, the creator of the messaging platform WeChat, is in talks with banks for a US$6 billion loan, according to people familiar with the matter.That would be the biggest dollar loan syndicated in Asia for a Chinese firm since 2019, according to data compiled by Bloomberg. It would also mark a flurry of potential debt financing by tech giants after people familiar said earlier this month that rival Alibaba Group Holding was looking to sell up to US$8 billion of bonds.Under the terms…

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By | 2021-01-22T13:59:29+00:00 January 22nd, 2021|Technology|Comments Off on Tencent in talks with banks to borrow US$6 billion in Asia’s biggest syndicated loan for a Chinese firm since 2019