solverpoker| Alibaba-SW issues US$4.5 billion in 0.50% convertible senior notes: net fundraising starts from US$4.436 billion

News summary

Alibaba SW announced that it will issue US$4.5 billion in private equity convertible bonds to qualified institutional buyers, which will complete delivery on May 29, and is expected to raise approximately 44%solverpoker.36 billion US dollars. The note has an annual interest rate of 0.50%, matures in 2031, and the interest is paid semi-annually.

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Alibaba-SW announces US$4.5 billion convertible bond offering

Hong Kong stock market news, Alibaba-SW (09988.HK) announced that the company has filed Form 6-K with the US Securities and Exchange Commission, involving a total issue of US$4.5 billion and due in 2031solverpoker0.50% interest rate convertible senior notes. This offering is aimed at qualified institutional buyers and will be traded offshore in compliance with Regulation S of the Securities Act. In addition, the company gives initial purchasers the option to purchase additional notes worth up to US$500 million, which can be exercised within 13 days of the issue date of the notes.

Alibaba-SW expects that after deducting issuance discounts and estimated fees, net raised funds will reach approximately US$4.436 billion, which will increase to US$4.930 billion if the option is fully exercised. The expected delivery date of the notes is May 29, 2024.

The notes issued will serve as general senior unsecured debt of the company and will mature on June 1, 2031. If there is no early redemption or repurchase, the interest will be paid semi-annually starting from December 1, 2024, and the annual interest rate will be fixed at 0.50%.