Reported about 14 hours ago
Alibaba Group Holding Ltd. has successfully raised HK$12 billion ($1.5 billion) by issuing exchangeable bonds linked to its subsidiary, Alibaba Health Information Technology Ltd. The bonds, due in 2032, feature a zero coupon and an initial exchange price of HK$6.23, offering a 48% premium over the recent share placement. The funds will be allocated towards enhancing Alibaba's cloud infrastructure and international trade efforts. This move is part of a growing trend among Chinese tech firms to utilize exchangeable bonds amid market volatility.
Source: YAHOO