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Alibaba will sell debut bond on Thursday

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hinese e-commerce giant Alibaba will sell its first-ever bond on Thursday, a jumbo trade expected to be around $ 8 billion in size that comes just two months after the company’s record IPO.
It is looking to sell up to seven tranches, including five fixed-rate bonds ranging from three to 20-year maturities and two floating-rate notes with three and five-year maturities, which bankers and investors expect to be the most sought after of the year.
“Alibaba will have no problem attracting the attention of every investor base around the world,” said one bond syndicate manager.
“They’ve done a good job of coming out with enough spread over what would be fair value to make sure they get the size done.”

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