term sheet@ (Adds proposed transaction details, background)
HONG KONG, Nov 29 (Reuters) - Chinese internet giant Alibaba Group Holding Ltd on Wednesday issued pricing guidance for a multi-tranche benchmark dollar bond, which is expected to price during New York hours, according to a term sheet seen by Reuters.
The tranches are for 5.5-, 10-, 20-, 30- and 40-year maturities with price guidance indicated at around 100, 125-130, 140, 160 and 180 basis points over U.S. Treasuries, respectively.
Morgan Stanley, Citigroup, Credit Suisse , Goldman Sachs and JPMorgan are the bookrunners for the bond, which is rated A1/A+/A+ (Moody's/S&P/Fitch), the same ratings as the issuer.
A benchmark-sized deal for an investment grade issuer means the transaction will raise at least $1 billion.
(Reporting by Umesh Desai; Editing by Shri Navaratnam and Sam Holmes)