Alibaba gears up for first bond sale
November 14 , 2014
Alibaba is likely to meet investors soon as it gears up for issuing its first American bond sale.
The Chinese e-commerce firm has hired Citigroup, Morgan Stanley, JP Morgan and Deutsche Bank for managing the sale.
The technology giant will offer institutional investors dollar-denominated notes, it said in a statement.
According to some reports, Alibaba is expected to sell $8 billion in bonds following its public listing that created a record two months ago.