Alibaba plans up to $5 billion U.S.-dollar bond issuance: term sheet

The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Wednesday it is planning a U.S. dollar-denominated bond sale.

The company aims to raise up to $5 billion in the offering, a term sheet of the deal seen by Reuters showed.

Reporting by Josh Horwitz; Editing by Edwina Gibbs