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ICBC, HSBC Among Major Lenders on ByteDance’s $30 Billion Loan

Key Points

ByteDance Ltd., the developer of TikTok, has signed a $29.6 billion loan with more than two dozens lenders, including Industrial and Commercial Bank of China Ltd. and HSBC Holdings Plc, in one of Asia’s biggest dollar-denominated deals this year.

ByteDance Ltd., the developer of TikTok, has signed a $29.6 billion loan with more than two dozens lenders, including Industrial and Commercial Bank of China Ltd. and HSBC Holdings Plc, in one of Asia’s biggest dollar-denominated deals this year.
ICBC (ORG) HSBC (ORG) ByteDance (ORG) TikTok (ORG) Industrial and Commercial Bank of China Ltd. (ORG) HSBC Holdings Plc (ORG) Asia (LOCATION)
Originally published by Bloomberg Technology Read original →