Alibaba Group Announces Completion of US$2.65 Billion Offering of U.S. Dollar-denominated Senior Unsecured Notes and RMB17 Billion Offering of RMB-denominated Senior Unsecured Notes
November 28 2024 - 6:00AM
Business Wire
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD
Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the
“Company”) today announced (i) the completion of an offering, on
November 26, 2024, of US$2.65 billion aggregate principal amount of
U.S. dollar-denominated senior unsecured notes, consisting of:
US$1,000,000,000 4.875% notes due 2030 at an
issue price per note of 99.838%; US$1,150,000,000 5.250% notes due
2035 at an issue price per note of 99.649%; and US$500,000,000
5.625% notes due 2054 at an issue price per note of 99.712%
(collectively, the “USD Notes”);
and (ii) the completion of an offering, on November 28, 2024, of
RMB17 billion aggregate principal amount of RMB-denominated senior
unsecured notes, consisting of:
RMB8,400,000,000 2.65% notes due 2028 at an
issue price per note of 100%; RMB5,000,000,000 2.80% notes due 2029
at an issue price per note of 100%; RMB2,500,000,000 3.10% notes
due 2034 at an issue price per note of 100%; and RMB1,100,000,000
3.50% notes due 2044 at an issue price per note of 100%
(collectively, the “RMB Notes,” and together with the USD Notes,
the “Notes”).
The Notes have not been registered under the U.S. Securities Act
of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws. The USD Notes have been offered and sold in the
United States only to persons reasonably believed to be qualified
institutional buyers pursuant to Rule 144A under the U.S.
Securities Act and to certain non-U.S. persons in offshore
transaction in reliance on Regulation S under the U.S. Securities
Act. Alibaba entered into a registration rights agreement in
connection with the offering of the USD Notes, under which it
agreed to use commercially reasonable efforts to file an exchange
offer registration statement to exchange the USD Notes for a new
issue of substantially identical debt securities registered under
the Securities Act or, under specified circumstances, a shelf
registration statement to cover resales of the USD Notes. The RMB
Notes have been offered and sold only to certain non-U.S. persons
in offshore transaction in reliance on Regulation S under the U.S.
Securities Act.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, in the United
States or elsewhere, and shall not constitute an offer,
solicitation or sale of the securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful.
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version on businesswire.com: https://www.businesswire.com/news/home/20241128162517/en/
Investor Relations Contact Lydia Liu Head of Investor
Relations Alibaba Group Holding Limited
investor@alibaba-inc.com
Media Contacts Cathy Yan cathy.yan@alibaba-inc.com
Ivy Ke ivy.ke@alibaba-inc.com
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