HONG KONG: China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between US$2bil-US$3bil in debt to fund international expansion, a person with direct knowledge of the matter told Reuters.
Banks have made “soft pitches” to help Ant raise funds, most likely through loans, to be used by the company for acquisitions such as that of MoneyGram International Inc as well as for boosting existing investments, the person said.
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