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Alibaba gears up for first bond sale

  • 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.

     

     

    Tagged as: Alibaba, investors, bond sale, Chinese e-commerce, institutional investors, business news