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Alibaba Announces HK$12 Billion Exchangeable Bond Issue, Ali Health Shares Dip
1 day ago /
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Author：小编
Alibaba Group has announced plans to issue HK$12.023 billion worth of zero-coupon exchangeable bonds, set to mature in 2032. The proceeds from this issuance will be directed towards enhancing cloud computing infrastructure and expanding into international e-commerce markets. The bonds offer holders the option to convert them into Ali Health shares or receive cash on a pro-rata basis, with an initial conversion price set at HK$6.23 per share. Should all bonds be converted, it would equate to approximately 12% of Ali Health's issued share capital. In response to this announcement, Ali Health's share price declined by 6.86%, settling at HK$4.21 per share.
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