Alibaba Group’s $5 Billion Senior Unsecured Notes Offering

Simpson Thacher represented Alibaba Group Holding Limited in the transaction.

Alibaba Group Holding Limited (“Alibaba Group”) executed its underwritten registered public offering of US$5 billion aggregate principal amount of senior unsecured notes, including the sustainability notes being issued under its sustainable finance framework—one of few sustainability offerings by China-based issuers. The offering consists of US$1.5 billion of 2.125% Notes due 2031, US$1 billion of 2.7% Notes due 2041, US$1.5 billion of 3.15% Notes due 2051 and US$1 billion of 3.25% Notes due 2061. The Notes are listed on the Singapore Exchange Securities Trading Limited.

Citigroup, Credit Suisse, Morgan Stanley, J.P. Morgan and CICC acted as joint bookrunners for the offering.

Alibaba Group is one of the world’s top ten companies by market capitalization and aims to build the future infrastructure of commerce. The company provides the technology infrastructure and marketing reach to help merchants, brands and other businesses to leverage the power of new technology to engage with their users and customers and operate in a more efficient way. Its businesses are comprised of core commerce, cloud computing, digital media and entertainment, and innovation initiatives.

The Simpson Thacher team advising Alibaba included Daniel Fertig (Picture), Howie Farn, Andrew Laub, Quan Zhou and Linfeng Zhu (Capital Markets); Andrew Purcell and Jon Cantor (Tax).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Howie Farn – Simpson Thacher & Bartlett; Daniel Fertig – Simpson Thacher & Bartlett; Andrew Laub – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Quan Zhou – Simpson Thacher & Bartlett; Linfeng Zhu – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Alibaba Group Holding Ltd;

Sonia Carcano

Author: Sonia Carcano