Xiaomi waiting on lenders’ consent for deal repricing

Chinese technology giant Xiaomi Corp, which recently floated in a landmark IPO in Hong Kong, is seeking lenders’ approval to slash the price on a $1bn loan closed last year.

  • By Pan Yue
  • 06 Sep 2018

Xiaomi, which makes everything from smartphones to consumer goods, plans to reduce the margin on the three year borrowing by 60bp, from 215bp to 155bp over dollar Libor, according to a banker close to the situation. Other terms of the loan remain unchanged, he added.

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.17
2 China Merchants Securities Co 17.84
3 Industrial and Commercial Bank of China (ICBC) 14.86
4 Agricultural Bank of China (ABC) 10.81
5 China Securities 9.01

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