Three more join Alibaba jumbo for $700m
Société Générale has joined Alibaba Group’s jumbo $8bn loan with a $300m commitment, while Bank of Taiwan and Ping An Bank have also come in with $200m each.
The deal has now attracted $2.9bn from 11 banks in senior syndication, which is likely to be wrapped up this week. There will be no general phase.
SG will be a senior lead arranger, while the other two will get lead arranger titles.The commitments from the three ...