Alibaba looking to raise up to $5 billion in U.S. dollar bond issuance after earnings beat

Signage for Alibaba Group Keeping Ltd. covers the entrance facade of the Current York Stock Commerce November 11, 2015.

Brendan McDermid | Reuters

Alibaba will be making the most of the low hobby charge environment within the U.S. upright now by issuing the bonds.

The firm mentioned the proceeds will be extinct for commonplace corporate applications, alongside with working capital wishes, repayment of offshore debt and likely acquisitions of, or investments in, complementary agencies.

So-called “sustainability notes” can even be issued with the proceeds going in direction of inexperienced initiatives corresponding to renewable vitality, the firm mentioned.

Citigroup, Credit score Suisse, Morgan Stanley, J.P. Morgan and CICC are the underwriters for the deal.

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