Lenders vie for $1b Xiaomi war chest loan

China's Xiaomi set to plant its flag in $1 billion offshore loan debut for potential acquisitions.

Lenders vie for $1b Xiaomi war chest loan

Chinese smartphone company Xiaomi is expected to raise $1 billion through a corporate loan and has seen strong commitments of at least $3 billion from lenders in its debut international fund raising, according to two sources familiar with the matter.

Lenders keen to build a relationship with the young fast-growing cash rich company, which is raising the money as dry powder for acquisitions. 

Xiaomi has no onshore borrowings, the company is net cash and they are raising...

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