BABA BOND BOMBSHELL: $5bn [Alibaba Stock Analysis]

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BABA BOND BOMBSHELL: $5bn [Alibaba Stock Analysis]

Alibaba is issuing USD5 billion of bonds shortly. They will likely be 30 year+ bonds at very low interest. I expect they will use the proceeds to pay back some of the outstanding bonds about to expire:

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including our 3.125% Senior Notes due 2021, our 2.800% Senior Notes due 2023, our 3.600% Senior Notes due 2024, our 3.400% Senior Notes due 2027, our 4.500% Senior Notes due 2034, our 4.000% Senior Notes due 2037, our 4.200% Senior Notes due 2047 and our 4.400% Senior Notes due 2057, the outstanding amount under our US$4.0 billion term loan facility due 2024

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Alibaba has some USD78 billion in cash, however most of that is in CNY and capital controls make it easier for Alibaba to raise fresh money in USD.

Sources:
https://bit.ly/2MR3t60