Alibaba Group Holding Limited, a prominent global e-commerce conglomerate, has announced the pricing of a significant dual offering of senior unsecured notes on November 19, 2024. The offering includes US$2.65 billion in U.S. dollar-denominated notes and RMB17 billion in RMB-denominated notes. The U.S. dollar notes are divided into three tranches with varying interest rates and maturities, ranging from 4.875% due in 2030 to 5.625% due in 2054. Similarly, the RMB notes are offered in four tranches with interest rates from 2.65% to 3.50% and maturities extending from 2028 to 2044. Alibaba intends to close the offering of the USD Notes on November 26, 2024, and the RMB Notes on November 28, 2024, subject to customary closing conditions. The company plans to use the net proceeds for general corporate purposes, including...Show More

Alibaba Group Holding Limited, a prominent global e-commerce conglomerate, has announced the pricing of a significant dual offering of senior unsecured notes on November 19, 2024. The offering includes US$2.65 billion in U.S. dollar-denominated notes and RMB17 billion in RMB-denominated notes. The U.S. dollar notes are divided into three tranches with varying interest rates and maturities, ranging from 4.875% due in 2030 to 5.625% due in 2054. Similarly, the RMB notes are offered in four tranches with interest rates from 2.65% to 3.50% and maturities extending from 2028 to 2044. Alibaba intends to close the offering of the USD Notes on November 26, 2024, and the RMB Notes on November 28, 2024, subject to customary closing conditions. The company plans to use the net proceeds for general corporate purposes, including the repayment of offshore debt and share repurchases. The notes have not been registered under the U.S. Securities Act of 1933 and are being offered to qualified institutional buyers and non-U.S. persons in offshore transactions. Alibaba also plans to enter into a registration rights agreement to potentially exchange the USD Notes for registered securities in the future. The announcement includes forward-looking statements and indicates that the completion of the offering is subject to market conditions and customary closing conditions.