SYDNEY, Nov 19 (Reuters) - Alibaba Group ( BABA ) has
delivered investors initial price guidance on its $5 billion
dual currency bond, according to a term sheet reviewed by
Reuters on Tuesday.
The U.S. dollar tranche consists of 5.5-year, 10.5-year and
a 30-year bond, the term sheet showed.
The 5.5-year bond has an initial price guidance of
Treasuries and about 90 basis points, the 10.5-year is
Treasuries plus about 115 basis points and the longer-dated bond
is Treasuries plus 130 basis points.
The offshore yuan tranche has a 3.5-year bond with an
initial price guidance of around 2.9%, 5-year at 3.1%, 10-year
at 3.4% and 20-year at 3.8%.