Alibaba Looking To Raise $1.53 Billion Through Exchangeable Bonds

Reuters
03 Jul

July 3 (Reuters) - Chinese tech conglomerate Alibaba Group said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through an offer of exchangeable bonds.

Alibaba shares slipped 3% in premarket.

($1 = 7.8496 Hong Kong dollars)

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