Alibaba raises $5b in dual currency bond deal, APAC's largest this year

Alibaba raises $5b in dual currency bond deal, APAC's largest this year

FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

Alibaba has raised $5 billion in a dualcurrency bond, China’s biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year.