Market Chatter: Asus Secures $2 Billion Syndicated Loan From HSBC

MT Newswires Live10-20 09:22

Asus Global has secured a $2 billion syndicated loan arranged by HSBC (HKG:0005), through its wholly-owned Singapore subsidiary, The Business Times reported Monday, citing a press statement.

The company's first offshore syndicated loan will be used to support its operations and expansion, including its artificial intelligence push, the statement said.

The loan is expected to support Asus' liquidity, financial flexibility, operations, and expansion plans, according to the report.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment