Alibaba looking to raise up to $5 billion in U.S. dollar bond issuance


Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015.

Brendan McDermid | Reuters

Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by issuing the bonds.

The company said the proceeds will be used for general corporate purposes, including working capital needs, repayment of offshore debt and potential acquisitions of, or investments in, complementary businesses.

So-called “sustainability notes” will also be issued with the proceeds going toward green projects such as renewable energy, the company said.

Citigroup, Credit Suisse, Morgan Stanley, J.P. Morgan and CICC are the underwriters for the deal.


UPS Q4 2020 earnings: Revenues beat projections

Previous article

Delaying second AstraZeneca vaccine dose does work, study shows

Next article

You may also like

Leave a Reply

Notify of

More in Finance