Alibaba $8bn jumbo closes in senior with $3.78bn commitments

By Rashmi Kumar
28 Jun 2013

Bank of China’s commitment of $500m to Alibaba Group’s jumbo $8bn loan has been approved, bringing the deal's senior syndication phase to a close.

A group of 13 banks have committed a total of $3.78bn. Allocations are now being finalised and will be announced early next week, according to a banker working on the transaction.

Bank of China’s commitment gives it the mandated lead arranger and bookrunner title, alongside Goldman Sachs ...

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