Alibaba aims to raise $5 billion in dual currency bond deal, sources say


FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

SYDNEY (Reuters) - Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter.

The company in a regulatory filing on Monday said it was considering carrying out the transaction.

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