Bloomberg reports Alibaba has received $57B in orders for the offering, and that underwriters "lowered the premium by as much as 0.25 percentage point on its longest-dated bond" due to the demand.
Much like many U.S. tech large-caps, Alibaba is getting low interest rates. Bloomberg: "Alibaba is marketing three-year fixed-rate notes at about 70 basis points over similar-maturity Treasuries, five-year debentures at about 95 basis points and seven-year securities at about 115 basis points. Ten- and 20-year bonds are being offered at about 130 basis points and 150 basis points, respectively."
After seeing profit-taking over the last few trading days, shares are once more rallying.
seekingalpha.com/news/...hes-8b-debt-offering-sees-huge-demand
seekingalpha.com/news/...hes-8b-debt-offering-sees-huge-demand
....The order book for the bonds, which may be sold as soon as today, signals high demand for securities issued by the Hangzhou, China-based company ....