Trip.com makes quick loan return amid travel woes
Chinese travel services provider Trip.com Group is seeking a $1.2bn loan at a time when markets are reeling from the rapid spread of the coronavirus outside the mainland and companies are assessing the impact of the epidemic on their businesses. Despite difficult market conditions, the borrower has received plenty of interest for the deal. Pan Yue reports.
Trip.com has mandated Standard Chartered as the original mandated lead arranger and bookrunner for the $1.2bn refinancing deal. The firm has fully underwritten the loan, according to multiple sources, and is understood to have invited both Chinese and international banks to join as MLABs during senior syndication.Details ...
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