Ant Group raises $6.5b refinancing for HK, SG units

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Ant Group raises $6.5b refinancing for HK, SG units

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Ant Group Co. has raised US$6.5 billion to refinance an existing offshore credit line of the same amount.

This refinancing includes a three-year arrangement comprising a $5 billion revolving credit facility for Alipay Hong Kong Holding Ltd. and a $1.5 billion revolving line for Advanced New Technologies Singapore, a subsidiary of Ant International.

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