trending Market Intelligence /marketintelligence/en/news-insights/trending/tK4ysb7THFVmQXj7WSumXw2 content esgSubNav
In This List

Report: Ant Financial in talks with banks for up to US$3.5B loan

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Kensho Launches Word Error Rate Calculator

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Bank failures: The importance of liquidity and funding data


Report: Ant Financial in talks with banks for up to US$3.5B loan

China's Ant Financial Services Group is in talks with banks to obtain a US$2.5 billion syndicated loan, people familiar with the matter told Bloomberg News.

The syndicated loan will have a greenshoe option of US$1 billion, the sources said. The loan is expected to be priced less than 100 basis points over the London Interbank Offered Rate mark. The financial services platform will channel funds toward general corporate purposes, the sources said.

Ant Financial did not immediately respond to Bloomberg's requests for comment.