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Alibaba Purportedly Announces Guided Initial Pricing for USD, CNH Bonds
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BABA-W (09988.HK)(BABA.US) is reportedly planning to raise US$5 billion by issuing USD and CNH bonds. Reuters reported that Alibaba announced preliminary pricing guidance for the bonds. Among which, the USD bonds will have 5.5, 10.5 and 30-year maturities, with guided interest rates of about 90 bps, 115 bps and 130 bps above the yields of similar-maturity US Treasury notes. The guided initial pricing for CNH bonds, on the other hand, are approximately 2.9%, 3.4% and 3.8% for 3.5, 5 and 10-year maturities respectively. AAStocks Financial News |
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