HONG KONG, Jan. 6 (Reuters) – Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $ 5 billion by selling a US dollar-denominated bond this month, four people with direct knowledge of the issue said.
Depending on the response from investors, the proceeds could reach $ 8 billion, which Alibaba is likely to use for corporate overhead, one of the people said.
The plan, including the timetable, is not final and can be changed, people said, refusing to be identified because they were not allowed to speak to the media.
Alibaba declined to comment. (Reporting by Sumeet Chatterjee, Julie Zhu and Kane Wu; Additional reporting by Scott Murdoch and Anshuman Daga; Editing by Christopher Cushing)