
Alibaba Announces Pricing of USD and RMB-Denominated Senior Notes Offerings
Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988 (HKD Counter), and 89988 (RMB Counter)) has announced the pricing of two significant debt offerings:
- USD-Denominated Notes totaling $2.65 billion:
- $1 billion 4.875% notes due 2030, priced at 99.838%.
- $1.15 billion 5.250% notes due 2035, priced at 99.649%.
- $500 million 5.625% notes due 2054, priced at 99.712%.
- RMB-Denominated Notes totaling RMB 17 billion:
- RMB 8.4 billion 2.65% notes due 2028, priced at 100%.
- RMB 5 billion 2.80% notes due 2029, priced at 100%.
- RMB 2.5 billion 3.10% notes due 2034, priced at 100%.
- RMB 1.1 billion 3.50% notes due 2044, priced at 100%.
The USD Notes are expected to close on November 26, 2024, and the RMB Notes on November 28, 2024, pending customary closing conditions.
Use of Proceeds
Alibaba plans to use the net proceeds for general corporate purposes, including repaying offshore debt and funding share repurchases.
Regulatory Details
The USD Notes will be offered in the U.S. to qualified institutional buyers under Rule 144A of the U.S. Securities Act of 1933 and to certain non-U.S. investors under Regulation S. Alibaba intends to enter a registration rights agreement for these notes to facilitate their exchange for registered debt securities.
The RMB Notes will be sold only to non-U.S. investors under Regulation S.
Forward-Looking Statements
This announcement contains forward-looking statements regarding the offering, including the use of proceeds, the terms of the notes, and the completion of the transaction. These statements are subject to risks and uncertainties, including market conditions and regulatory approvals.
Investors are advised to review Alibaba’s filings with the U.S. Securities and Exchange Commission and announcements on The Stock Exchange of Hong Kong Limited for additional information.
Disclaimer: This announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction. All information provided is accurate as of the date of release, and Alibaba is not obligated to update forward-looking statements except as required by law.