<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><p>Alibaba Group Holding Limited (BABA) announced the pricing of its private offering of US$4.500 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031.</p><p>The company also granted the initial purchasers in the Notes Offering an option to purchase up to an additional US$500 million aggregate principal amount of the Notes, exercisable for settlement within a 13-day period, beginning on, and including, the first date on which the Notes are issued.</p><p>The Notes Offering is expected to close on May 29, 2024.</p><p>Alibaba Group estimates that the net proceeds from the Notes Offering will be about US$4.436 billion or US$4.930 billion if the initial purchasers' option is exercised in full.</p><p>Alibaba Group intends to use the net proceeds from the Notes Offering to repurchase approximately 14.8 million of its American depositary shares; fund further share repurchases; and fund the US$573.75 million cost of entering into the capped call transactions.</p><p>The Notes will mature on June 1, 2031, unless earlier redeemed, repurchased or converted in accordance with their terms prior to such date. The Notes will bear interest at a rate of 0.50% per year, payable in arrears on June 1 and December 1, of each year, beginning on December 1, 2024. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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<p>Alibaba Group Holding Limited (BABA) has announced the pricing of a private offering of $4.5 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031. The net proceeds from the offering will be used for share repurchases and capped call transactions. The Notes will bear interest at a rate of 0.50% per year.</p>

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Alibaba Announces Pricing Of Offering Of $4.50 Bln Of 0.50% Convertible Senior Notes Due 2031