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Alibaba Plans to Raise US$5B via USD, CNH Bonds: Wire
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Alibaba (BABA.US)(09988.HK) plans to raise US$5 billion through USD and CNH bonds, Reuters reported, citing people with the knowledge of the matter. The company had announced the bond financing plan in a filing with regulators on Monday, but said the size, interest rate and maturity would be determined as the deal progresses. The proceeds will be used for general corporate purposes, including repaying debt and financing share buybacks. AAStocks Financial News |
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