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Nov 202014
 

NEW YORK (TheStreet) — Alibaba
shares are up 2% to $111 in trading on Thursday following reports that the Chinese e-commerce company will boost the amount of its first bond offering due to heavy demand, according a a Dow Jones report. The company will offer $10 billion in bonds, a $2 billion boost from the $8 billion it originally plotted to offer, due to extremely high demand. The company has received $57 billion worth of bond orders from investors, more than seven times what the company was said to be seeking, according to a Bloomberg report today.
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