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Alibaba Group Prices Offering of $5 Billion Senior Unsecured Notes

· 02/04/2021 22:47

03:34 AM EST, 02/05/2021 (MT Newswires) -- Alibaba Group Holding (BABA) on Thursday priced a public offering of $5 billion of US dollar-denominated senior unsecured notes.

From the offering, $1.5 billion of 2.125% notes due 2031 were priced at 99.839%; $1 billion of 2.700% notes due 2041 were priced at 99.265%; $1.5 billion of 3.150% notes due 2051 were priced at 99.981% and $1 billion of 3.250% notes due 2061 were priced at 99.978%.

Net proceeds from the offering will be used for general corporate purposes, including working capital needs, offshore debt repayment and potential acquisitions.

The offering is expected to close on Feb. 9.

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