Alibaba guides market on US$5 billion debt sale ahead of pricing on Thursday

//Alibaba guides market on US$5 billion debt sale ahead of pricing on Thursday

Alibaba guides market on US$5 billion debt sale ahead of pricing on Thursday

Alibaba Group Holding has released guidance to investors on its dollar bond sale of up to US$5 billion ahead of pricing later on Thursday.The offering by the Hangzhou-based e-commerce behemoth is its first foray into international debt markets since 2017 when it sold US$7 billion worth of bonds.The initial price guidance on the planned 10-year tranche was around 130 basis points over US Treasuries; for the 20-year bonds, in the area of 140 basis points; for the 30-year, about 150 basis points;…

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By | 2021-02-04T05:59:22+00:00 February 4th, 2021|Business|Comments Off on Alibaba guides market on US$5 billion debt sale ahead of pricing on Thursday