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BABA-W Completes Issuance of ~USD3.2B Zero-Coupon Convertible Senior Notes
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BABA-W (09988.HK) (BABA.US) announced that it completed the issuance of zero-coupon convertible senior notes due 2032 with a principal amount of around USD3.2 billion yesterday (16th). The notes were issued to certain non-US persons conducting offshore transactions under Regulation S of the US Securities Act. The net proceeds from the note issuance are intended for general corporate purposes, with a strategic focus on strengthening its cloud infrastructure capabilities and international commerce business operations. AAStocks Financial News |
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