Alibaba Group Holding (BABA) looks to follow in the foot steps of Chinese rival JD.com (JD), which just offered $1.75B in bonds, with a $4.5B convertible bond sale of its own, reports Bloomberg. China-based Alibaba is considering using th the proceeds to fund stock buybacks, added the Bllomberg story. Alibaba’s deal would include a “greenshoe option that could increase the size of the deal by $500M,” notes Bloomberg.
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