Alibaba to issue bonds - Chinese company borrows

16:04 - 6.01.2021

January 6, Fineko/abc.az. Electronic trading giant Alibaba is also planning to issue bonds.

ABC.AZ reports that the Chinese company plans to borrow $8 billion by issuing dollar-denominated bonds no later than next week.

Analysts explain this by the fact that the company aims to borrow up to $5 billion at the initial stage because of financial difficulties in connection with the pandemic.

By Elmir Murad

 

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