From Nasdaq: 2024-05-23 10:06:08

Alibaba Group Holding Ltd. announced a proposed offering of $4.5 billion of convertible senior notes maturing on June 1, 2031. The company plans to use the proceeds for share repurchases and capped call transactions, as well as repurchasing American depository shares.

Additionally, Alibaba intends to offer an option to purchase notes up to an additional $500 million within 13 days. Currently, Alibaba’s stock is trading at $82.43, down 0.29 percent on the New York Stock Exchange.



Read more at Nasdaq: Alibaba Announces $4.5 Bln Offering Of Convertible Senior Notes