Invitations go out for Alibaba Group’s $8bn loan
Bankers working on Alibaba Group’s jumbo $8bn loan have sent out invitations to lenders, ahead of a bank presentation scheduled for May 21. And although some lenders are complaining the minimum commitment of $200m is far too high, they are still willing to jump on the bandwagon, writes Rashmi Kumar.
The Chinese e-commerce company has signed the loan and received funds from the nine bookrunners and mandated lead arrangers Australia and New Zealand Bank, Credit Suisse, Citi, Deutsche Bank, DBS, HSBC, JP Morgan, Morgan Stanley and Mizuho Corporate Bank.
This week, the leads approached at least seven Taiwanese
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