HKEX ditching LSE bid puts year’s biggest loan back on track

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By Mike Turner
08 Oct 2019

The London Stock Exchange’s $13.5bn bridge loan for its acquisition of data company Refinitiv is set to go ahead, after a surprise hostile bid for the exchange from Hong Kong Exchanges and Clearing was withdrawn.

Almost 20 banks are part of the lending syndicate providing bridge financing for the LSE’s $27bn bid for Refinitiv. Barclays, Goldman Sachs and Morgan Stanley have underwritten the loan financing. 

But the syndicated loan — the biggest in the EMEA market this year — could have ...

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