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Alibaba Sells $5 Billion of Bonds in Four-Part Offering

  • Deal marks Asia’s biggest corporate dollar bond sale in months
  • Firm’s existing notes rallied after report of Ant unit spinoff
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Alibaba Group Holding Ltd. raised $5 billion in the biggest dollar bond sale in Asia in eight months.

The Chinese e-commerce giant had received more than $38 billion in orders for the four-part deal at the peak, according to people with knowledge of the matter. The longest portion of the offering, a 40-year security, will yield 130 basis points more than U.S. Treasuries, said the people, who aren’t authorized to speak publicly and asked not to be identified.