Chinese tech giant Tencent signs $4.65 billion loan deal

March 28, 2017 By Carol Zhong and Sijia Jiang HONG KONG (Reuters) – Chinese tech giant Tencent Holdings has signed a $4.65 billion loan deal, Basis Point reported, amid a flurry of fund-raising by China’s internet giants. Tencent, which had an original target of about $2 billion for the loan, inked the deal on March 24 following commitments from a dozen banks, Thomson Reuters publication Basis Point reported, citing sources. The loans for general corporate purposes comprise a $2.79 billion term loan and a $1.86 billion revolving credit. Citigroup was…

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