China’s Ant set to ink $3.5 billion loan to help fund MoneyGram bid – Basis Point

May 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

HONG KONG (Reuters) – China’s Ant Financial, an affiliate of online shopping giant Alibaba Group , is close to signing a $3.5 billion loan a part of which will help fund its purchase of U.S. money transfer company MoneyGram International , Thomson Reuters Basis Point reported.