Peak demand for $5b bond offering shows global investors still have faith in Alibaba
Several sovereign wealth funds were among the buyers, along with high profile US long-only funds, said sources.
Source: dealstreetasia.com
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Investors Flock To 5 Billion Alibaba Bond Deal Shrug Off Regulatory Woes
BW Businessworld Investors Flock To $5 Billion Alibaba Bond Deal, Shrug Off Regulatory Woes Investor response to the deal was seen as a sentiment test towards Alibaba amid regulatory heat for billionaire Ma's business empire, triggered by a speech in late October in which he publicly criticised the country's regulatory system. Photo Credit : Alibaba Group Holding Ltd's $5 billion U.S.-dollar bond offering received demand for eight times the debt offered, underscoring global investors' faith in founder Jack Ma's e-commerce behemoth despite a regulatory crackdown on his empire. Pricing for the...
Source: businessworld.in
Alibaba: Investors flock to $5 bn Alibaba bond deal, shrug off regulatory woes
Alibaba Group Holding Ltd's $5 billion U.S.-dollar bond offering received demand for eight times the debt offered, underscoring global investors' faith in founder Jack Ma's e-commerce behemoth despite a regulatory crackdown on his empire. Pricing for the deal was set on Friday tighter than initially flagged by the company on Thursday, indicating robust demand to buy the rare debt float. The latest international bond offering is Alibaba's third, according to data from Refinitiv. Several sovereign wealth funds were among the buyers, along with high profile U.S. long-only funds, a person with di...
Source: indiatimes.com