King & Wood Mallesons (“KWM”) advised lead underwriters for Alibaba Group Holding Ltd (“Alibaba”) on its successful completion of SEC-registered public offering of USD 7 billion senior unsecured debt and the listing on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 6 December, 2017, with tenure of 5.5 years, 10 years, 20 years, 30 years and 40 years. This offering sets the record of the Asian non-banking corporation’s USD debt this year. The 40-years debt is also one of the longest USD debt that a PRC’s non-financial corporation has ever issued.

Alibaba is an international Internet company based in China, operating a leading wholesale and retail platform. Through successful issuance of this senior unsecured USD debt, Alibaba demonstrates its leading position and strong development momentum in the e-commerce industry.

KWM acted as the PRC legal counsel for the five lead underwriters, undertaking tasks such as due diligence, advising on the debt issuance filing with National Development and Reform Committee and reviewing Form F-3 and other registration documents and reviewing underwriter agreement and other transaction documents. KWM’s role on this transaction demonstrated the KWM team’s strong capital markets capability.