Market Chatter: ByteDance Reportedly Signs $29.6 Billion Loan With HSBC, Others

MT Newswires Live

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ByteDance signed a $29.6 billion loan with 28 banks, including Industrial and Commercial Bank of China (SHA:601398, HKG:1398) and HSBC Holdings (HKG:0005), Bloomberg News reported Monday, citing a person familiar with the matter.

About $18.9 billion of the three-year facility, which can be extended to up to five years and upsized from an initial $20 billion target, was committed by Chinese banks, according to the report.

Other lenders include Bank of China (HKG:3988) and China Construction Bank (HKG:0939, SHA:601939) and proceeds will reportedly be used for general corporate purposes as ByteDance expands its AI-related investments.

ByteDance, HSBC, ICBC, BOC and China Construction Bank did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1497734951.SGD","symbol_name":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667234654","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667234654","pubTimestamp":1789378509,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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