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Technology

ByteDance eyes $9.5bn in record Asia dollar corporate loan, Bloomberg News reports

Published September 2, 2024 Updated September 2, 2024 03:00pm
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TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, Bloomberg News reported on Monday.

Nepal lifts TikTok ban after app addresses cyber crime concerns

Citigroup, Goldman Sachs and JPMorgan are the coordinators of the financing, which carries a tenor of three years and can be extended to up to five years, the report said citing people familiar with the matter.

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