Alibaba Seeks to Raise $5 Billion in Dual Currency Bond Offering
SYDNEY – Alibaba Group is looking to raise $5 billion through a multi-tranche bond offering in both U.S. dollars and offshore Chinese yuan, according to sources familiar with the matter. The company filed a regulatory notice on Monday, confirming its plans for the bond issuance.
The deal will include dollar-denominated bonds with maturities of 5.5, 10.5, and 30 years, as outlined in a term sheet seen by Reuters.
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