Alibaba Secures $5 Billion in Dual-Currency Bonds

The bond issuance strengthens Hong Kong's financial hub status and marks Alibaba's largest deal in Asia-Pacific this year.

Alibaba's bond issuance includes $2.65 billion in U.S. dollar notes and 17 billion yuan ($2.35 billion) in offshore yuan notes.
The dollar bonds are divided into 5.5-year, 10.5-year, and 30-year tranches with competitive interest rates.
The yuan bonds feature 3.5-year, 5-year, 10-year, and 20-year tranches, priced tighter than initial expectations.
Proceeds from the bond sale will be used for general corporate purposes, including debt repayment and share repurchases.
Investor demand for the dollar bonds reached $14.6 billion, indicating strong global interest, especially from Asia-Pacific investors.