Hot on the heels of JD.com's bond issuance, Alibaba has announced that it is also seeking to raise $4.5 billion via a convertible bond sale.
May 24, 2024 at 06:17 AM
2 minute read
Asia Editor
Alibaba has announced it will seek to raise $4.5 billion through a bond issuance after JD.com’s $1.75 billion deal.
Skadden, Arps, Slate, Meagher & Flom has advised long-term client JD.com on its latest debt issuance. Latham & Watkins and Cleary Gottlieb Steen & Hamilton are advising underwriters to the JD.com issuance while Bank of America Corp., Goldman Sachs Group Inc., Haitong Securities Co. and UBS Group AG are bookrunners of the bond issuance.
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