If Alibaba's successfully negotiates with banks to amend terms of its existing US$4 billion borrowing, it may get its cheapest dollar-denominated syndicated loan ever.
HONG KONG: Alibaba Group Holding may get its cheapest dollar-denominated syndicated loan ever as it negotiates with banks to amend terms of its existing US$4 billion borrowing.
China’s big technology groups have been using their stronger credit profiles to cut loan costs as lenders grow cautious on weaker companies in the wake of soaring defaults in China. Alibaba is offering lenders an indicative one-off fee of 25 basis points, which will translate to an all-in pricing of 90 basis points, lower than the one it offered in the original deal, said the people, who aren’t authorised to speak publicly and asked not to be identified.
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