Alibaba: Completes issuance of HK$12.023 billion zero-coupon convertible bonds.

Alibaba Group announced on the Hong Kong Stock Exchange that it has completed a private placement of zero-coupon convertible bonds with a total principal amount of HK$12.023 billion, maturing in 2032. The bonds constitute unsecured and non-subordinated debt of the Alibaba Group. The bonds do not pay regular interest. The bonds will mature on July 9, 2032, unless they are redeemed, repurchased, or exchanged prior to that date in accordance with the terms of the bonds.