Alibaba Group Holding Ltd. said late Thursday that it had priced its $8 billion debt offering at yields ranging from 1.625% to 4.5%. The securities sale was oversubscribed by a large margin, according to a Wall Street Journal report, which put the total orders as high as $55 billion. Of the offer, $300 million was sold as floating-rate notes due 2017, $1 billion due in 2017 was priced at 1.625%, $2.25 billion due in 2019 was priced at 2.5%, $1.5 billion due in 2021 was priced at 3.125%, $2.25 billion due in 2024 was priced at 3.6%, and $700 million due in 2034 was priced 4.5%. Alibaba's 10-year, 3.6% tranche compares to a 2.303% yield Thursday for the benchmark U.S. 10-year Treasury note
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