Reported 5 days ago
Alibaba Group Holding Ltd. is set to issue dollar and yuan bonds aimed at repaying offshore debt and repurchasing shares, following a record convertible bond sale earlier this year. The specifics of the bond offerings, including amounts and interest rates, have not been finalized, though Alibaba is considering selling approximately $5 billion in bonds. The company intends to primarily buy back US-listed shares, which have dropped nearly 25% since October. The bond proceeds will also be allocated for general corporate uses.
Source: YAHOO