World Economy

Alibaba Raises $8b in Bond Deal

Alibaba Raises $8b in  Bond DealAlibaba Raises $8b in  Bond Deal

Chinese e-commerce giant Alibaba on Thursday raised $8b in a bond offering, AFP said. The company announced one week ago that it planned to make the sale to repay the $8b loan owed to banks. Maturities ranged from three to 20 years in the six-part deal. It called the transaction one of the largest corporate bond deals of the year.