(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.