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What will be the rating agencies' response to Alibaba's bond issuance by February 2025?
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Reports from major rating agencies like Moody's, S&P, and Fitch
Story
Alibaba Group Plans $5 Billion Multi-Tranche Dual-Currency Bond Offering in USD and RMB for Debt Repayment and Share Buybacks
Nov 18, 2024, 03:33 AM
Alibaba Group has announced plans to raise $5 billion through a dual-currency bond offering, which will include senior unsecured notes in both U.S. dollar and Chinese yuan denominations. The funds are intended for debt repayment and share repurchases. The company has engaged banks to facilitate the issuance of these bonds, which will be structured in multiple tranches. This move comes as Alibaba seeks to manage its offshore debt more effectively while also returning value to shareholders.
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