Overview
- JD.com priced 10 billion yuan in senior unsecured notes split into 7.5 billion due 2031 at a 2.05% coupon and 2.5 billion due 2036 at a 2.75% coupon.
- The notes target non‑U.S. investors under Regulation S and are not registered under the U.S. Securities Act.
- The bonds are expected to list on the Hong Kong Stock Exchange after the offering is completed.
- JD.com plans to use the proceeds for general corporate purposes, including paying down existing debt and interest, and says closing is expected on or about April 10 subject to customary conditions.
- The sale fits a broader return to offshore yuan issuance by major Chinese tech firms, and S&P assigned the notes an A‑ rating consistent with JD.com’s credit profile.