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Alibaba Announces Plan to Issue Approximately HK$12 Billion in Zero-Coupon Convertible Bonds
1 day ago /
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Author：小编
Alibaba Group has unveiled plans to issue approximately HK$12 billion in zero-coupon convertible bonds, set to mature in 2032. The proceeds from this issuance will be dedicated to bolstering the development of cloud infrastructure and expanding international operations. Upon issuance, these bonds will represent unsecured and non-subordinated debt obligations of Alibaba Group, with no periodic interest payments required.
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