Grab's planned IPO will erase its 2023 refinancing risk: S&P

businesstimes2021-04-15

GRAB'S planned initial public offering (IPO) and its expected US$4.5 billion cash proceeds will eliminate its 2023 refinancing risk, said S&P Global Ratings. In a press statement on Wednesday, the ...

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精彩评论

Tongdadd
2021-04-15
Tongdadd
Does anyone know the structure of this deal? One AGC share = one GRAB share?
Kikiooi
2021-04-15
Kikiooi
Smart move?
theresaneo
2021-04-15
theresaneo
Good [强]
- BoonP:
  morning

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According to S&P, the estimated proceeds from Grab's IPO and special purpose acquisition company (SPAC) merger could provide it with additional funds to buffer cash burn, support future expansion, and lower existing debt.\nDespite the optimism, S&P believes that Grab will continue to be loss-making over the next two years. It noted that the ride-hailing company currently has a currency mismatch between its debt, which is predominantly in US dollars, and its operating cash flows, which are mostly in Asia-Pacific currencies.\nS&P is maintaining its \"B-\" rating on expectations that Grab will implement growth strategies to achieve higher profitability and positive free operating cash flow by 2023.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":347859533,"gmtCreate":1618487687922,"gmtModify":1631884062958,"author":{"id":"3563665738915585","authorId":"3563665738915585","authorIdStr":"3563665738915585","name":"Tongdadd","avatar":"https://static.tigerbbs.com/79e519b2023d6e7e3b68e295f81f3e8e","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Does anyone know the structure of this deal?&nbsp; One AGC share = one GRAB share?&nbsp;","listText":"Does anyone know the structure of this deal?&nbsp; One AGC share = one GRAB share?&nbsp;","text":"Does anyone know the structure of this deal? 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