129742938922500000_259February 20 Beijing time news this afternoon, according to people familiar with the matter said that Alibaba (quotes, news, reviews) on Friday signed a loan agreement for us $ 3 billion to complete the privatisation of listed company Alibaba B2B. 6 banks in providing loans to Alibaba group namely ANZ, Switzerland Credit Bank
guild wars 2 gold, SingaporeShow preference-Bank, Deutsche Bank, HSBC and Credit Suisse banks, they have to subscribe to a 500 million dollar credit line.
The money will be used for Alibaba B2B companies for the privatization, rather than buy Yahoo stock held by Alibaba group. According to people familiar with the matter said, once you have signed the loan agreement, Alibaba group of consultants--Switzerland--credit and Deutsche BankLetter, Alibaba group has been to ensure that privatization B2B funds required listed subsidiaries.
Is under the two letters on the Hong Kong Stock Exchange approved the privatization process. Alibaba B2B companies on the same announcement is expected on Wednesday, the company said results for the quarter will be in the next few days. Alibaba group holding company B2B73% stake in the Division.
Due to waiting for the announced major Alibaba B2B companies stock began on February 9 to suspend business
aoc gold, has not yet resumed. According to earlier reports, the sum of us $ 3 billion loan is divided into 1 of us $ 2 billion and 1-year loan 1 $ 1 billion 3-year loan. The loan had planned to use to buy back YahooAlibaba Group's shares, but the total amount of us $ 17 billion in tax-exempt asset swap agreement has stalled last week. The agreement will be an operational asset for Alibaba group
tor credits, Exchange Yahoo 25% per cent stake held by Alibaba group.
After the close of trading, Yahoo still holds a stake in Alibaba group 15%. B2B companies for the privatization was not AliPrerequisites for Baba group to buy back Yahoo stake. People familiar with the matter said, objective of the loan originally amounted to us $ 4 billion, and hopes to attract more lenders. Pricing and details of the loan agreement has not yet been finalized. Borrower had initially hoped to above the London interbank offered rate (LIBOR) 450 basis points interest rate received 3-year loans.
