BABA-W (09988) completes the issuance of approximately $3.2 billion zero-coupon convertible senior notes.

BABA-W (09988) announced that the company completed the issuance of approximately $3.2 billion in principal amount of zero coupon convertible senior notes due in 2032 on September 16, 2025 (note issuance), which were issued to certain non-U.S. persons in offshore transactions under Regulation S of the U.S. Securities Act. Alibaba Group plans to use the net proceeds from the note issuance for general corporate purposes, with a strategic focus on enhancing its cloud infrastructure capabilities and international business operations.