Summary by Moomoo AI
Alibaba Group Holding Limited, a prominent global e-commerce conglomerate, announced on November 18, 2024, its intention to offer senior unsecured notes in both U.S. dollar and RMB denominations, subject to market and other conditions. The offerings of the USD Notes and RMB Notes are independent of each other, with terms to be defined at the time of pricing. Alibaba plans to allocate the net proceeds from the sale of these notes towards general corporate purposes, which include repaying offshore debt and funding share repurchases. The USD Notes will be available in the United States to qualified institutional buyers and to certain non-U.S. persons in offshore transactions, while the RMB Notes will be offered solely to certain non-U...Show More