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BABA-W Reportedly Seeking Refinancing for US$6.5B Loan Maturing in 2026
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BABA-W (09988.HK) is in talks with banks to refinance a US$6.5 billion loan maturing next year, Bloomberg quoted sources as saying. The Group offered institutions agreeing to provide a five-year revolving credit facility an interest rate quote of the Secured Overnight Financing Rate (SOFR) of no more than 80 bps, according to insiders. The Group has not yet responded. AAStocks Financial News Website: www.aastocks.com |
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