Alibaba priced about US$3.2 billion of zero coupon convertible senior notes due 2032 on Sep 11, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Sep 11, 2025, Alibaba Group announced the pricing of an offering of approximately US$3.2 billion aggregate principal amount of zero coupon convertible senior notes due 2032, offered to certain non-U.S. persons in offshore transactions. Alibaba estimated net proceeds at approximately US$3.13 billion after the initial purchasers' discounts and offering expenses, and said about 80% would go to cloud infrastructure and the remaining 20% to international commerce. The notes were set with an initial conversion price of US$193.15 per American depositary share (ADS), a premium of 31.25% over a reference price of US$147.16 per ADS, and a maturity of Sep 15, 2032 unless earlier redeemed, repurchased or converted. Alibaba filed the announcements in a Form 6-K, the report a foreign company files with the US Securities and Exchange Commission, on Sep 11, 2025.1^,2^,3^,4^,5^,6^,7^,8^,9^,10