HONG KONG, JANUARY 6 (Reuters) – Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $ 5 billion this month by selling a US dollar bond to four people with direct knowledge of it said.
Depending on the investor’s response, the return could be $ 8 billion, which Alibaba is likely to use for general corporate expenses, one of the people said.
The plan, including the timeline, is not final and is subject to change, the people said and did not want to be identified because they were not authorized to speak to the media.
Alibaba declined to comment. (Reporting by Sumeet Chatterjee, Julie Zhu and Kane Wu; Additional reporting by Scott Murdoch and Anshuman Daga; Editing by Christopher Cushing)