Alibaba Group's 40-Year Dollar Bond Worst Performer in Asia

Alibaba Group Holding Ltd.’s 40-year bond posted the biggest losses year to date among Asian dollar bonds, as the Chinese e-commerce giant was hit by a spike in Treasury yields and its market capitalization dropped $30 billion overnight on disappointing earnings.

The $1 billion note, priced in November in a five-part sale, has been hit hard, and four of Alibaba’s bonds are among the top 10 worst-performing notes in the region so far in 2018, a Bloomberg Barclays index shows.

Alibaba’s 2057 bond is the longest-maturity dollar bond from a Chinese non-financial issuer, according to data compiled by Bloomberg that excludes perpetual notes.

The Longer, The Worse

Alibaba's 2057 is the biggest loser among Asian dollar bonds this year

Bloomberg Barclays index

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