US bond issuers stand aside for Alibaba’s jumbo debut

US high-grade issuance was a mere US$2.4 billion on Wednesday, as most borrowers opted to take the pressure off a fatigued market and get out of the way of Alibaba’s jumbo debut offering of about US$8 billion set to price in New York on Thursday.

via South China Morning Post - Business feed http://ift.tt/1Hnu3Hr