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Business · TMT · Bond
JD.com to issue USD 1 bln notes on Singapore Stock Exchange, in 2 tranches
CKN
2020/01/08 09:21:02
4,437
Public offering, Notes, Technology, E-commerce

Jan 08, 2020 (China Knowledge) - According to a filing on U.S. Securities and Exchange Commission, tech giant JD.com (JD) is preparing for a public offering USD 1 bln of notes in two separate tranches.

The public offering will consist of USD 700 mln of 3.375% notes due in 2030, as well as USD 300 mln 4.125% notes due in 2050. Both are expected to be listed on the Singapore Stock Exchange (SGX).

JD.com is a leading e-commerce company and retail infrastructure service provider in China. The company carried out its initial public offering (IPO) on NASDAQ in May 2014, and it is currently the largest retailer in China, a NASDAQ100 and Fortune Global 500 company.

BofA Securities and UBS are joint bookrunners of the offering.

After deducting underwriting discounts, commissions and related expenses, JD.com is expected to receive net proceeds of USD 988.3 mln from the offering. The company intends to use the net proceeds from the offering for general corporate purposes and refinancing based on the filing.

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