Alibaba Group Holding Ltd. is planning to raise as much as $8 billion in a U.S. bond sale, just two months after the Chinese company completed the biggest public stock offering ever, according to people with knowledge of the matter.
Asia’s largest Internet company is working to issue its first-ever U.S. dollar-denominated notes to refinance its credit facilities, according to a statement today. The bonds have been rated A+, or the fifth highest investment-grade rating, by Standard & Poor’s and an equivalent A1 by Moody’s Investors Service.
