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

Blog

Making sanctions effective: Key themes for banks

Blog

Banking Essentials: July 6th edition

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022


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.