Alibaba plans to issue 2.65 billion USD and 17 billion RMB bonds

On November 20th, Alibaba (09988.HK) announced that it will price US $2.65 billion USD-denominated senior unsecured notes and RMB-denominated senior unsecured notes of 17 billion yuan. The US dollar bond issuance is expected to end on November 26, 2024; the RMB bond issuance is expected to end on November 28, 2024. Net proceeds raised are used for general corporate purposes, including repayment of overseas debt and share repurchases. < br > < img src = "https://flash-scdn.jin10.com/bc9738ed-afcc-4c8d-b8fd-63a03e313b91.png" referrerpolicy = "no-referrer" >