Three more join Alibaba jumbo for $700m

Alibaba small screenshot
By Rashmi Kumar
24 Jun 2013

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 ...

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