China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
Alibaba Issues $4.5 Billion of Convertible Debt to Fund Buybacks

Alibaba Issues $4.5 Billion of Convertible Debt to Fund Buybacks

May 24, 2024
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China Daily Reads
China Daily Reads
Alibaba Issues $4.5 Billion of Convertible Debt to Fund Buybacks
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  • Company to immediately repurchase 14.8 million of its ADRs

  • Move is to obtain cash offshore on favorable terms: Choi

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