China's Alibaba to raise $4.5 billion through convertible notes offering-May 2024-www.financetom.com

China's Alibaba to raise $4.5 billion through convertible notes offering

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China's Alibaba to raise $4.5 billion through convertible notes offering

May 23, 2024 6:53 AM

(Reuters) - Alibaba Group Holding ( BABA ) said on Thursday it would sell $4.5 billion in convertible senior notes and plans to repurchase American Depositary Shares using some of the proceeds.

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