Alibaba to raise US$3.2 billion via convertible notes to fund cloud and e-commerce push
Alibaba Group Holding plans to raise US$3.2 billion by selling zero-coupon convertible senior notes, part of moves to fund its cloud and international e-commerce operations, according to a stock exchange filing on Thursday. The zero-coupon convertible senior notes - which mature on September 15, 2032 - would be sold via a private offering to non-US investors, the filing said. The US dollar-denomi denominated notes will not pay any interest but will allow bondholders to exchange the notes into US-listed sh ...