Alibaba Group Holding Ltd plans to raise up to $5 billion through the sale of a U.S. dollar-denominated bond.
HONG KONG/SHANGHAI:Chinese e-commerce giant Alibaba Group Holding Ltd plans to raise up to $5 billion through the sale of a U.S. dollar-denominated bond, according to a marketing term sheet seen by Reuters on Wednesday.
The book for the offering will open on Thursday and the deal is expected to be priced on the same day, said a person with direct knowledge of the matter, who declined to be named as he was not authorised to speak to the media.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
