SINGAPORE (Reuters): Alibaba Group Holding Ltd on Thursday (Feb 4) set initial price guidance on its $5 billion bond offering, according to a term sheet reviewed by Reuters.
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Alibaba flagged a price range of 130 basis points over US 10-year Treasuries for the 10-year tranche and 140 basis points over US 20-year Treasuries for the 20-year tranche. It is selling the bonds in four tranches, the term sheet showed.
The company has opened the book for its US dollar bonds worth up to $5 billion, according to the term sheet.
