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Xiaomi looks to push buttons for $1bn, but lenders may be wary
Chinese smartphone maker Xiaomi is making its second attempt at a loan market debut, launching a $1bn fundraising into senior syndication. The early signs are that the deal will win the hearts of loans bankers, but the company still has to clear some hurdles on its way to success, write Rashmi Kumar and Shruti Chaturvedi.
The phone manufacturer has mandated Deutsche Bank, JP Morgan and Morgan Stanley for its fundraising, which is split equally between a bullet and a revolver, both with three year tenors.
The loan comes with a margin of 232.5bp over dollar Libor — pricing ...Already a subscriber? Login
