JD ends four year hiatus with ‘exceptional’ $1bn bond

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By Addison Gong
08 Jan 2020

Chinese e-commerce giant JD.com has returned to the dollar bond market for the first time since 2016 for $1bn, pushing out its maturity profile and pricing the deal at levels comparable to some of its much higher rated peers. Addison Gong reports.

Following calls with global investors on Monday, JD announced an SEC-registered 10 year bond on Tuesday morning Asia time, with initial price guidance set at the 195bp over US Treasuries area. The bookrunner lead managers were Bank of America and UBS. HSBC was also on the deal as ...

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