Alibaba said to get $3b credit
Updated: 2012-05-03 11:03
(China Daily)
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Alibaba Group Holding Ltd, China's biggest e-commerce company, completed a $3 billion loan with about 20 banks, according to two people familiar with the matter.
Four lenders joined the six arranging banks with commitments of $300 million each, and other banks commit lower amounts.
Alibaba's Hong Kong-based spokesman John Spelich declined to comment.
China Daily - Agencies
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