Alibaba Completes $8 Billion Bond Deal As Shares Continue Rally

Chinese e-commerce giant Alibaba Group has raised $8 billion in its first-ever bond offering, Bloomberg reported on Thursday evening. Alibaba received $57 billion in orders for the six-part bond offering, which will be used used to refinance the company's existing credit facilities. At $8 billion, the sale is the largest dollar denominated [...]

Topics:  alibaba group   bloomberg   billion   bond   offering   
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