Alibaba Group's $5 Billion Dual Currency Bond

SYDNEY (Reuters) – Alibaba Group has provided initial price guidance for its $5 billion dual currency bond, as indicated in a term sheet reviewed by Reuters on Tuesday.

Bond Details

• U.S. Dollar Tranche:

  • 5.5-year bond: Initial guidance of Treasuries plus about 90 basis points.
  • 10.5-year bond: Treasuries plus about 115 basis points.
  • 30-year bond: Treasuries plus 130 basis points.

• Offshore Yuan Tranche:

  • 3.5-year bond: Initial guidance of around 2.9%.
  • 5-year bond: 3.1%.
  • 10-year bond: 3.4%.
  • 20-year bond: 3.8%.