Alibaba’s USD 5 bln debt sale attracted investors despite regulatory pressure

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E-commerce · Markets · Equity

Alibaba’s USD 5 bln debt sale attracted investors despite regulatory pressure

CKN

2021/02/18 12:51:30

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Feb 18, 2021 (China Knowledge) - USD 5 bln debt sale by Alibaba (HKG: 9988) has attracted more than USD 38bn from potential investors signal how the Chinese tech group’s bond remains an alluring proposition for global capital even as regulators are awaiting for Alibaba’ explanation on transparency and business fairness. However, it seems that investors are appearing to put those concerns of increased scrutiny of Ma’s empire aside which resulted in the bids for the bonds amounting to more than seven-times the value on offer. This illustrates how China tech giants like Alibaba remains popular among investors.

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