Alibaba Group Holding Ltd. determined the charges the banks should pay for their loan amounting to up to $4 billion.
According to people knowledgeable about the decision, the online marketplace firm is offering 60 basis points to creditors committing at least $200 million to the facility.
Sources added Alibaba is providing 40 basis points for loans between $100 million and $400 million and 50 basis points for $150 million-$190 million participation.
The Chinese company will also give an early bird fee of five basis points for banks participating in this endeavor by April 1 and they only have until April 8 to join.
Alibaba spokesperson Bob Christie declined to comment on the matter.
The material has been provided by InstaForex Company – www.instaforex.com