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BABA-W Proposes Concurrent Offering of USD Notes, RMB Notes
Recommend 31 Positive 51 Negative 22 |
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BABA-W (09988.HK) announced a proposed concurrent offering of USD-denominated senior unsecured notes (USD Notes) and RMB-denominated senior unsecured notes (RMB Notes), subject to market and other conditions. The offering of the USD Notes and the offering of the RMB Notes are not inter-conditional with each other. The principal amount, interest rates, maturity dates and other terms of the Notes will be determined at the time of pricing of the offering. The company intends to use the net proceeds from the offering of the Notes for general corporate purposes, including repayment of offshore debt and share repurchases. AAStocks Financial News |
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