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Mega demand for Alibaba bond sale

Published 11/30/2017, 03:15 AM
© Reuters.  Mega demand for Alibaba bond sale
BABA
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  • Alibaba 's (NYSE:BABA) newly minted bonds rallied overnight after its $7B multi-tranche sale attracted a blowout response.
  • "The tech sector (for bonds) is small in Asia and this sets a precedent for others to follow," said CreditSights analyst Sandra Chow.
  • Already flush with $22B in reserves, Alibaba's new cash may provide more firepower for acquisitions.
  • Previously: Bloomberg: Alibaba planning $7B bond sale (Nov. 29 2017)
  • Now read: Alibaba Group Holding Limited 2018 Q2 - Results - Earnings Call Slides


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