Reuters – Alibaba Eyes Up to $8B Jumbo Loans
Chinese e-commerce giant Alibaba Group is back in the loan market with an eye on a jumbo financing of up to $8 billion to refinance existing debts, barely a year after borrowing $4 billion in loans, according to Basis Point. The borrower is said to have approached lenders seeking proposals for the loan, proceeds from which will refinance US$4bn in loans put in place last year as well as fund Alibaba's obligations under a $7.1 billion share buyback deal it struck with Yahoo Inc. last May.
4 March 2013•2 mins read
