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BABA-W Reportedly Weighing US$5B Bond Offering
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BABA-W (09988.HK) is weighing a US$5 billion bond offering, which may comprise of both USD- and RMB-denominated bonds, according to people familiar with the matter cited by Bloomberg. At the end of May 2024, Alibaba had wrapped up a private offering of US$5 billion of convertible senior notes due 2031 at an interest rate of 0.5%. Report told that the last time Alibaba sold a standard USD bond in the open market was in 2021, and it is not yet known whether the current issue will be a private placement or a public offering. AAStocks Financial News |
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