Alibaba announces $4.5 billion offering of 0.50% Convertible Senior Notes due 2031.

From Nasdaq: 2024-05-23 20:54:56

Alibaba Group priced a private offering of US$4.5 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031, with an option for an additional US$500 million. The offering is set to close on May 29, 2024, with estimated net proceeds of about US$4.436 billion. The company plans to use the funds for share repurchases and other purposes. The Notes will mature on June 1, 2031, with interest payable semi-annually.



Read more at Nasdaq: Alibaba Announces Pricing Of Offering Of $4.50 Bln Of 0.50% Convertible Senior Notes Due 2031