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Alibaba plans to sell up to $8 bn dollar bonds next week in show of strength

Alibaba plans to sell up to $8 bn dollar bonds next week in show of strength
Alibaba raised about $11 billion from its Hong Kong stock sale in late 2019, and had a cash hoard of almost $90 billion at the end of September
(Photo: Reuters)Premium
. Updated: 06 Jan 2021, 03:20 PM IST Bloomberg
Alibaba, e-commerce giant, aims to raise at least $5 billion but could wind up with more depending on the reception
The deal will be a multi-tranche offering, with specific tenors yet to be determined
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Alibaba Group Holding Ltd. is looking to raise as much as $8 billion selling dollar bonds as early as next week, according to people familiar with the matter. ....

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Alibaba mulls raising $5 billion via US dollar-denominated bond in January

Alibaba mulls raising $5 billion via US dollar-denominated bond in January
Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said
Reuters | January 6, 2021 | Updated 11:50 IST
The plan, including the timeline, is not final and subject to change
Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said. Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said. ....

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