Alibaba announced the completion of its HK$12.023 billion exchangeable bond offering on Jul 9, 2025
Alibaba said in a press release dated Jul 9, 2025 in Hong Kong that it completed a private offering of HK$12.023 billion aggregate principal amount of zero coupon exchangeable bonds due 2032, linked to the shares of Alibaba Health Information Technology. The initial exchange price was HK$6.23 per Alibaba Health share, a 48% premium over the HK$4.21 per share price in a placement of Alibaba Health shares that bookrunners ran alongside the pricing. Alibaba said the shares the bonds reference represented up to approximately 12% of Alibaba Health's issued share capital as of Jun 30, 2025, if exchanged in full at that price. The press release is attached to a Form 6-K, a foreign company's report to the SEC, filed Jul 9, 2025.1,2,3,4,5,6,7,8
How each figure was checked
- what the release announcedannounced the completion of its private offeringAlibaba press release of Jul 9, 2025 (Exhibit 99.1 to the Form 6-K) ↗
- the size and maturity of the bondsHK$12.023 billion aggregate principal amount of zero coupon exchangeable bonds due 2032Alibaba press release of Jul 9, 2025 (Exhibit 99.1 to the Form 6-K) ↗
- what the bonds are linked tobonds exchangeable by reference to the ordinary shares of Alibaba Health Information Technology LimitedAlibaba press release of Jul 9, 2025 (Exhibit 99.1 to the Form 6-K) ↗
- the date of the press releaseJuly 9, 2025Alibaba press release of Jul 9, 2025 (Exhibit 99.1 to the Form 6-K) ↗
- the exchange price and its premiuminitial exchange price of HK$6.23 per AH Share, a premium of 48% over the price of HK$4.21 per AH Share in the delta placement conducted by bookrunners concurrently with the pricingAlibaba press release of Jul 9, 2025 (Exhibit 99.1 to the Form 6-K) ↗
- the share of Alibaba Health the bonds referenceup to approximately 12% of the issued share capital of Alibaba Health as of June 30, 2025Alibaba press release of Jul 9, 2025 (Exhibit 99.1 to the Form 6-K) ↗
- the form type6-K
- the day the Form 6-K was filedJul 9, 2025
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The record
- Company
- Alibaba (CIK 1577552)
- Form
- 6-K
- Accession
- 0001104659-25-066586
- Filed
- Jul 9, 2025
- Period of report
- Jul 9, 2025
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