BEIJING, Nov.22 (Xinhuanet) -- Alibaba has issued debt in the U.S. markets for the first time. China’s e-commerce giant issued an 8-billion U.S. dollar bond in six tranches. The largest portions of the bond were 5 and 10 year notes priced at 2.5 and 3.6-percent respectively.
The bond’s pricing mimicks top blue chip tech companies in the U.S. and not Chinese tech companies listed in New York. --There was enormous demand for Alibaba’s bond as it drew orders of nearly 6 to 7 times the actual amount issued. The issuance marks the largest dollar denominated debt sale by a company from Asia.
(Source: CNTV.com)
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