Alibaba-W plans to issue approximately $3.2 billion in zero-coupon convertible preferred notes
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Alibaba-W plans to issue approximately $3.2 billion in zero-coupon convertible senior notes, expected to mature in 2032. The notes will be offered in offshore transactions to non-U.S. persons in accordance with U.S. securities laws. The proceeds will be used to enhance cloud infrastructure capabilities (approximately 80%) and expand international business operations (approximately 20%) to improve market position and efficiency
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