Alibaba raises $8 bn in bond deal

Chinese e-commerce giant Alibaba on Thursday raised $8 billion in a bond offering, the Wall Street Journal said.

New York: Chinese e-commerce giant Alibaba on Thursday raised $8 billion in a bond offering, the Wall Street Journal said.

The company announced one week ago that it planned to make the sale, with the intention to repay an $8 billion loan owed to banks. Maturities ranged from three to 20 years in the six-part deal, the Journal reported.

It called the transaction one of the largest corporate bond deals of the year.

Alibaba completed the world`s largest stock offering with its listing on the New York Stock Exchange in September, with an offer price of $68. It closed at $109.82 Thursday, up .92 percent.

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