Alibaba Group’s $7 Billion Investment Grade Notes Offering

Simpson Thacher represented Alibaba Group Holding Limited (“Alibaba Group”) in connection with its offering of US$7 billion aggregate principal amount of investment grade notes (“the Notes”), consisting of US$700 million 2.8% Notes due 2023, US$2.55 billion 3.4% Notes due 2027, US$1 billion 4% Notes due 2037, US$1.75 billion 4.2% Notes due 2047 and US$1 billion 4.4% Notes due 2057.

The Notes are listed on the Singapore Exchange Securities Trading Limited. Morgan Stanley, Citigroup, Credit Suisse, Goldman Sachs and J.P. Morgan acted as joint bookrunners for the offering.

Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses to leverage the power of the internet to engage with their users and customers. Alibaba Group’s businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others.

The Simpson Thacher team for the transaction included Daniel Fertig (Picture), Howie Farn and Brian Mathes (Corporate – Hong Kong); Kevin Kennedy and Kelli Schultz (Corporate – Palo Alto); and Jonathan Cantor and Deborah Plum (Tax). Hong Kong Associate Cora Lei provided valuable assistance.


Involved fees earner: Daniel Fertig – Simpson Thacher & Bartlett; Howie Farn – Simpson Thacher & Bartlett; Brian Mathes – Simpson Thacher & Bartlett; Kevin Kennedy – Simpson Thacher & Bartlett; Kelli Schultz – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Deborah Plum – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Alibaba Group;



Author: Michael Patrini