Alibaba Group Holding Limited (09988) initiates exchange offer for outstanding unexpired preference notes.

Intelligence Financial News APP, Alibaba-W (09988) announced that the company has launched an exchange offer to exchange (i) its aggregate principal amount not exceeding USD 1 billion of 4.875% senior notes due 2030, (ii) its aggregate principal amount not exceeding USD 1.15 billion of 5.250% senior notes due 2035, and (iii) its aggregate principal amount not exceeding USD 500 million of 5.625% senior notes due 2054 (collectively, the "Exchange Notes"), which have been registered under the Securities Act of 1933 and its amendments, for an equal principal amount of its outstanding 4.875% senior notes due 2030, 5.250% senior notes due 2035, and 5.625% senior notes due 2054 (collectively, the "Outstanding Notes"), which were issued in exempt offerings under the Securities Act in November 2024.