Business

Alibaba issues $8 billion debt in U.S.A

(CCTV) -- 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.

2 Comments

2 Comments

  1. Ejinwa Anthony

    November 23, 2014 at 8:27 am

    Alibaba making us proud……

  2. ubesie chukwuebuka chidiogo

    November 23, 2014 at 9:34 am

    Alibaba making this happen lolz , mehn $8 billion
    no be small thing so much money.

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