(Reuters) – Ant Financial, an affiliate of China’s largest e-commerce company Alibaba Group
The company is in discussion with lenders for a $2.5 billion financing that comes with a $1 billion greenshoe option, Bloomberg said.
The price talk for the three-year loan margin is less than 100 basis points over Libor, Bloomberg reported.
Ant Financial was not immediately available for a comment.
(Reporting by Ann Maria Shibu in Bengaluru; Editing by Aditya Soni)