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Reuters first to report Alibaba’s $5 billion bond

Business & Finance

Reuters was first to report that China’s Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, amid regulatory scrutiny of co-founder Jack Ma’s empire. Depending on investor response, proceeds could reach $8 billion, which the e-commerce leader is likely to use for general corporate expenditure.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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