IFC proposes to inject up to $194m debt in Baidu’s student micro-loan unit

Photo: Reuters

The International Finance Corporation (IFC), the private lending arm of the World Bank Group, is considering a senior loan investment of up to RMB1300 million ($194 million) through its own account as well as a syndication facility in Baidu Chongqing Baidu Micro-Loan Company Ltd (Baidu CQ MCC), a wholly owned entity of Baidu Inc.

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