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BABA-W Issues US$2.65B, RMB17B Senior Unsecured Notes
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BABA-W (09988.HK) announced the offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of US$1 billion 4.875% notes due 2030 at an issue price per note of 99.838%; US$1.15 billion 5.25% notes due 2035 at an issue price per note of 99.649%; and US$500 million 5.625% notes due 2054 at an issue price per note of 99.712%. The company also announced the offering of RMB17 billion aggregate principal amount of RMB-denominated senior unsecured notes, consisting of: RMB8.4 billion 2.65% notes due 2028 at an issue price per note of 100%; RMB5 billion 2.8% notes due 2029 at an issue price per note of 100%; RMB2.5 billion 3.1% notes due 2034 at an issue price per note of 100%; and RMB1.1 billion 3.5% notes due 2044 at an issue price per note of 100%. The offering of the USD Notes is expected to close next Tuesday (26th), and the offering of the RMB Notes is expected to close next Thursday (28th), both subject to customary closing conditions. 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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