Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BABA-W Plans to Issue USD3.2B Zero Coupon Convertible Senior Notes
Recommend 36 Positive 59 Negative 25 |
||||
|
||||
|
BABA-W (09988.HK) announced a proposed offering of approximately US$3.2 billion aggregate principal amount of Zero Coupon Convertible Senior Notes due 2032. Alibaba Group will use approximately 80% of the net proceeds from the Notes directed towards enhancing its cloud infrastructure, which encompasses scaling up data centers, upgrading technology, and improving services to meet growing demand. The remaining 20% will be invested in expanding international commerce operations, focusing on operational investments that will enable the Company to enhance its market presence and efficiency. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
