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Finance

Alibaba revisits global bond market with multibillion-dollar issue

Chinese e-commerce company reaps benefits from low offshore borrowing costs

The five-tranche deal will mark Alibaba's first venture in tapping the bond market with a maturity of up to 40 years.   © Reuters

HONG KONG -- Alibaba Group Holding is marketing a major bond issue outside of China in a deal that is expected to gauge investors' confidence in the technology and e-commerce company.

Its multibillion-dollar bond issue outside of its home country comes amid market jitters in China over Beijing's drive to reduce debt in the corporate sector.

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