Summary Alibaba completed the world's largest stock offering with its listing.
New York (AFP) - Chinese e-commerce giant Alibaba raised $8 billion in a bond offering, the Wall Street Journal said.
The company announced one week ago that it planned to make the sale, with the intention to repay an $8 billion loan owed to banks. Maturities ranged from three to 20 years in the six-part deal, the Journal reported.
It called the transaction one of the largest corporate bond deals of the year.
Alibaba completed the world s largest stock offering with its listing on the New York Stock Exchange in September, with an offer price of $68. It closed at $109.82 Thursday, up .92 percent.
