Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Alibaba Group Holding Ltd. > News item |
Tecpetrol, IEnova join calendar; Cemig on tap; Alibaba launches $7 billion five-trancher
By Rebecca Melvin
New York, Nov. 29 – More issues joined the Latin Americas deal calendar on Wednesday, including Argentina’s Tecpetrol SA and Mexico’s Infraestructura Energetica Nova SAB de CV, or IEnova, and investors anticipated initial price talk on the Cemig Geracao e Transmissao SA $1 billion to $1.5 billion of notes on Thursday.
Cemig GT was wrapping up a roadshow on Wednesday on its seven-year eurobond deal, proceeds of which will be used to repay debt.
Meanwhile, Argentina’s province of Rio Negro has been on the road for $300 million of seven-year notes, and Brazil’s Gol Linhas Aereas Inteligentes SA is marketing notes through next Tuesday to fund a tender offer.
Alibaba Group Holding Ltd. launched on Wednesday a $7 billion five-tranche deal.
The Hangzhou, China-based e-commerce group and internet portal plans to price a $700 million tranche of 5˝-year notes, launched at a spread of U.S. Treasuries plus 73 basis points; a $2.55 billion tranche of 10-year notes, launched at a spread of Treasuries plus 108 bps; a $1 billion tranche of 20-year notes launched at a spread of Treasuries plus 118 bps; a $1.75 billion tranche of 30-year notes, launched at a spread of Treasuries plus 138 bps; and a $1 billion tranche of 40-year notes that was launched at a spread of Treasuries plus 158 bps.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.