Business & Finance

Reuters first to report Alibaba’s $5 billion bond

Reuters was first to report that China’s Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, amid regulatory scrutiny of co-founder Jack Ma’s empire. Depending on investor response, proceeds could reach $8 billion, which the e-commerce leader is likely to use for general corporate expenditure.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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