Alibaba Group Plans Offering of Senior Notes due 2032

MT Newswires Live

2025/09/11

Alibaba Group (BABA) said late Wednesday it plans a $3.2 billion offering of zero-coupon convertible senior notes due 2032 to some non-US persons in offshore transactions.

Net proceeds will be used to bolster its cloud infrastructure and for general corporate purposes, according to a statement.

Shares fell 1.7% during after-hours trading.

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