Grab raises US$2B term loan to strengthen liquidity and diversify financing sources

Southeast Asian tech giant Grab announced today it has raised US$2 billion from its first term loan, after securing commitments from international institutional investors. According to a press release by the Singapore-based giant, this marked the largest institutional debt in Asia’s technology sector. Grab shared the five-year senior secured loan was upsized from the original […] The post Grab raises US$2B term loan to strengthen liquidity and diversify financing sources appeared first on e27.