- JD.com (NASDAQ:JD -1.7%) has priced $1B in notes in a pair of tranches.
- The Chinese online seller is offering $500M of 3.125% notes due 2021, and $500M of 3.875% notes due 2026. It's expecting net proceeds of $983.5M, to be used for general purposes.
- The company runs with a far lower debt ratio than Amazon.com: At last report, it had total cash of $3.3B against total debt of $539M.
- Shares are down 12.3% YTD, but have risen 24% since Feb. 9.
- Now read JD.com: Low Valuation Justifiable »