Chinese auto manufacturer Zhejiang Geely Holding is seeking up to a 2 billion euro syndicated loan to refinance debt incurred from the purchase of Volvo in 2018, Bloomberg News reported Friday, citing people familiar with the matter.
The loan could be syndicated as early as November, and a number of banks are expected to finance the loan, but the details could change, the filing said.
Talks on the loan come as Geely is gearing toward upscaling its auto portfolio to compete with local companies in the electric vehicles sector, the report said.
Zhejiang Geely Holding is the parent of Hong Kong-listged Geely Automobile (HKG:0175).
(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.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。