Tencent in talks for $6bn club loan

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By Pan Yue
26 Jan 2021

Chinese technology giant Tencent Holdings is talking to its relationship banks for a jumbo $6bn loan, opting to once again favour a club deal over syndication in a bid to save on funding costs.

The company is seeking a borrowing with a tenor of five years. It is paying a margin of 80bp over Libor — the same as what it paid for its last five year financing in 2019, according to a banker close to the situation.

Lenders are in ...

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