Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows By Reuters
From Investing.com: 2024-11-18 20:05:54
Alibaba Group provides investors with initial price guidance on a $5 billion dual currency bond. The U.S. dollar tranche includes 5.5-year, 10.5-year, and 30-year bonds. The 5.5-year bond has an initial price guidance of Treasuries plus 90 basis points, the 10.5-year at 115 basis points, and the 30-year at 130 basis points. Additionally, there is a 3.5-year bond at around 2.9%, 5-year at 3.1%, 10-year at 3.4%, and 20-year at 3.8%.
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