Byju's refuses to repay its $1.2 billion loan
Finshots Daily
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The Risks of TLBs
Lenders will typically give you 5-6 years to repay the entire thing. But this kind of loan structure carries a fair bit of risk. Baiju's apparently didn't fulfill either of these conditions. People wanted to get the loan off their hands. By September 2022 the loan was trading at a 30% discount in the market.
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