(Bloomberg) — Chinese tech conglomerate Alibaba Group Holding Ltd. is contemplating an providing of bonds totaling the equal of about $5 billion as quickly as this month, individuals aware of the matter stated.
Most Read from Bloomberg
The potential debt sale may embrace greenback and yuan components, among the individuals stated, asking to not be recognized. It would come after a document personal providing of $5 billion of convertible bonds in May by the corporate, based by Jack Ma, who was as soon as China’s richest man.
The final time Alibaba (BABA) bought customary greenback notes in public markets was with a $5 billion multi-part deal in 2021. It’s not clear if the present plan is for a personal placement or a public providing.
There’s seldom been a greater time for debtors to faucet credit score markets in Asia. Yield premiums on greenback securities within the area fell to all-time lows in latest weeks, after a blitz of financial and monetary stimulus measures by Chinese policymakers boosted the enchantment of the area’s debt.
Other debtors have included Meituan, a meals supply big and procuring platform, which raised $2.5 billion in a two-tranche greenback bond deal in September.
There was no instant reply from Alibaba to an emailed request for remark.
—With help from Finbarr Flynn and Claire Che.
Most Read from Bloomberg Businessweek
©2024 Bloomberg L.P.
