Alibaba-W completes the issuance of approximately USD 3.2 billion zero-coupon convertible senior notes

Zhitong
2025.09.16 22:11
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Alibaba-W has completed the issuance of approximately $3.2 billion in zero-coupon convertible senior notes, which will mature in 2032 and are primarily aimed at non-U.S. persons. The raised funds will be used for general corporate purposes, with a focus on enhancing cloud infrastructure capabilities and international business operations

According to the Zhitong Finance APP, Alibaba-W (09988) announced that the company has completed the issuance of approximately USD 3.2 billion in zero-coupon convertible senior notes (the notes) due in 2032 on September 16, 2025. These notes were issued to certain non-U.S. persons in offshore transactions in accordance with Regulation S under the U.S. Securities Act.

Alibaba Group plans to use the net proceeds from the note issuance for general corporate purposes, with a strategic focus on enhancing its cloud infrastructure capabilities and international business operations

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