Alibaba’s (BABA.NYSE) sale of US$8 billion in bonds on Thursday marked the latest windfall for banks working on capital-markets deals following the company’s US$25 billion initial public offering in September, The Wall Street Journal reported, citing figures from data provider Dealogic. Alibaba has eclipsed firms such as Canadian energy company Encana (ECA.TSX), French telecom firm Numericable (NUM.EPA) and Japanese real-estate company Mitsui Fudosan (8801.TYO) to top the rankings of the most lucrative underwriting clients globally this year, according to Dealogic figures.
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