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Where Does Alibaba’s $7 Billion Bond Sale Fit?

Where Does Alibaba’s $7 Billion Bond Sale Fit?

Just before 2017 drew to a close, Alibaba (BABA) sold $7.0 billion in US (SPY) dollar-denominated bonds. Alibaba’s latest bonds have maturities ranging from 5.5 years to 40 years, the Wall Street Journal reported. In its latest bond issuance, Alibaba went to the debt markets with the aim of raising funds to invest in growth areas.