China’s Alibaba to raise $4.5 billion through convertible notes offering
9:42 am Thursday, May 23rd, 2024
(Reuters) – Alibaba Group Holding 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.
(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)
