A visitor walks past a logo for Chinese technology firm Tencent at their display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 5, 2020. Photo: AP A visitor walks past a logo for Chinese technology firm Tencent at their display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 5, 2020. Photo: AP
A visitor walks past a logo for Chinese technology firm Tencent at their display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 5, 2020. Photo: AP

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

  • Tencent’s five-year deal would pay an interest margin of 80 basis points over Libor and offer all-in pricing of 85 basis points, according to people familiar with the deal
  • The proceeds are for general corporate purposes

Topic |   Banking & Finance
A visitor walks past a logo for Chinese technology firm Tencent at their display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 5, 2020. Photo: AP A visitor walks past a logo for Chinese technology firm Tencent at their display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 5, 2020. Photo: AP
A visitor walks past a logo for Chinese technology firm Tencent at their display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 5, 2020. Photo: AP
READ FULL ARTICLE