Reported 1 day ago
Alibaba, China's leading e-commerce firm, has successfully priced a $5 billion dual currency bond deal, consisting of $2.65 billion in US dollar-denominated bonds and RMB 17 billion (approximately $2.35 billion) in yuan-denominated bonds. The dollar offering is set to close on November 26, while the yuan notes will close on November 28. The funds raised will be used for general corporate purposes, including the repayment of offshore debt and share buybacks.
Source: YAHOO