Alibaba returned to the international capital markets with a vengeance on Friday morning, raising a mammoth $8 billion six-part bond, which received $55 billion in orders globally.
The internet company the biggest in Asia sold $1 billion three-, $2.25 billion five- and $1.5 billion seven-year bonds, as well as $2.25 billion 10- and $700 million 20-year fixed-rate notes.
Alibaba also raised a $300 million three-year floating rate note but dropped the five-year tranche as investors preferred the level of absolute rates, according to a source familiar with the matter.
Due to overwhelming investor demand, the three-, five-...
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