Jack Ma to test China stigma with Alibaba bond sale
Riding on US listing and IPO fame, the Internet giant plans US$8b issue - Asia's biggest - with higher yield premium likely
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
JACK Ma had to play down Alibaba Group Holding's China roots during a world-record initial public offering (IPO). Now he's due to test confidence in the state-dominated economy with Asia's biggest dollar bond sale.
The Internet giant, which Mr Ma said in September just "happens to be in China", may pay a yield-premium on the planned US$8 billion issue that is higher than developed-market peers, according to Bank of New York (BNY) Mellon. Concerns that corporate governance and disclosure in the nation are lagging have forced investment-grade Chinese issuers to pay 15 basis points more on average than their Asian peers this year to sell notes, according to Bank of America Merrill Lynch indexes.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
