JP Morgan places $575m bond exchangeable into Alibaba stock

Aidan Gregory

January 09, 2020 05:45 pm

Alibaba_PA_230x150 — --File--Logo of Alibaba at the Alibaba headquarter in Shanghai, China, 26 August 2019. Alibaba's newly listed Hong Kong shares jumped over 7\% in early trading on Tuesday, marking a strong Asian debut for the Chinese e-commerce giant and raising upwards of 87.5 billion Hong Kong dollars ($11.1 billion) in the world's biggest stock placement so far this year. (Photo by Lu Liang - Imaginechina/Sipa USA) | Imaginechina/SIPA USA/PA Images

JP Morgan has issued a $575m synthetic bond exchangeable into the American depositary receipts of Alibaba, the Chinese e-commerce company.

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JP Morgan Equity China Americas Asia Greater China Northeast Asia Asia Pacific United States Emerging Markets North America Equity-Linked

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Aidan Gregory