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Tencent’s tight loan price forces banks to balance return against relationship

A kraken block trade! Tencent's sea monster of a deal

Tencent Holdings is testing bank appetite for a jumbo loan of $6bn as it gets ready to once again shun syndication in favour of a club deal. But the razor-thin pricing on offer is likely to pose a challenge — as will a recent crackdown on some of China’s largest technology companies. Pan Yue reports.

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