More Chinese technology companies might turn to convertible bonds after Alibaba Group Holding and JD.com raised a combined US$6.5 billion through such notes.
Alibaba sold US$4.5 billion in debt that can be turned into equity last week, a record for convertibles denominated in dollars by an Asian company, with part of the proceeds to be used to buy back shares. That came just after a US$2 billion sale by rival online retailer JD.com, which also plans buy-backs.
Source: TRADE FINANCE
