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Alibaba delivers initial price guidance on US$5 billion dual-currency bond, term sheet shows

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Published Tue, Nov 19, 2024 · 09:10 AM
    • The 5.5-year bond has an initial price guidance of Treasuries and about 90 basis points, the 10.5-year is Treasuries plus about 115 basis points and the longer-dated bond is Treasuries plus 130 basis points.
    • The 5.5-year bond has an initial price guidance of Treasuries and about 90 basis points, the 10.5-year is Treasuries plus about 115 basis points and the longer-dated bond is Treasuries plus 130 basis points. PHOTO: REUTERS

    ALIBABA Group has delivered investors initial price guidance on its US$5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday.

    The US dollar tranche consists of 5.5-year, 10.5-year and a 30-year bond, the term sheet showed.

    The 5.5-year bond has an initial price guidance of Treasuries and about 90 basis points, the 10.5-year is Treasuries plus about 115 basis points and the longer-dated bond is Treasuries plus 130 basis points.

    The offshore yuan tranche has a 3.5-year bond with an initial price guidance of around 2.9 per cent, 5-year at 3.1 per cent, 10-year at 3.4 per cent and 20-year at 3.8 per cent. REUTERS

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