Overview
- Alibaba is issuing U.S. dollar and Chinese yuan bonds with maturities ranging from 3.5 to 30 years.
- The bond sale is expected to raise up to $5 billion, supporting Alibaba's strategic financial initiatives.
- Proceeds will be used primarily for repaying existing debt and funding stock repurchase programs.
- Alibaba's outstanding liabilities have increased by 18% since March, totaling 202.2 billion yuan.
- The move comes as Alibaba seeks to capitalize on low interest rates to enhance shareholder value.