Latest news with #exchangeablebonds
Bloomberg
09-07-2025
- Business
- Bloomberg
IndianOil-Adani Gas Plans $161 Million Exchangeable-Bond Sale
IndianOil-Adani Gas Pvt. is planning to raise as much as 13.78 billion rupees ($161 million) from the sale of exchangeable bonds, according to people familiar with the matter, in what could be one of the largest such deals in India this year. The company, a joint venture between state-run Indian Oil Corp. and Adani Total Gas Ltd. of billionaire Gautam Adani, plans to raise the money in four tranches via compulsorily convertible debentures that will be converted into equity on a specified date, one of the people said, asking not to be identified as the details are private.
Yahoo
04-07-2025
- Business
- Yahoo
Alibaba seeking to raise $1.53 billion via exchangeable bonds
-- Chinese tech giant Alibaba (NYSE:BABA) Group announced Thursday it aims to raise approximately HK$12 billion ($1.53 billion) through exchangeable bonds to increase investments in cloud infrastructure and global commerce operations. The bonds will be linked to Alibaba Health Technology, in which Alibaba Group owns more than 44%. Investors who purchase these bonds will have the option to exchange them for shares in Alibaba Health at a later date. The bonds will not pay interest over time. This debt offering comes after Alibaba's $5 billion dual-currency bond issuance in November, which was the largest deal of its kind in the Asia-Pacific region during 2024. Related articles Alibaba seeking to raise $1.53 billion via exchangeable bonds takes neutral stance on Genmab ahead of portfolio, execution updates Meta Platforms upgraded but Needham warns of capital waste and rising risks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
03-07-2025
- Business
- South China Morning Post
Alibaba seeks US$1.5 billion from exchangeable bonds for cloud, e-commerce push
Alibaba Group Holding plans to raise HK$12 billion (US$1.5 billion) via exchangeable bonds to fund its cloud business and international e-commerce operations, the company said on Thursday. The bonds will not pay interest but will allow bondholders to exchange them for shares of its subsidiary, Alibaba Health Information Technology. 'Alibaba Group intends to use the net proceeds from the bond offering for general corporate purposes, including investments to support the development of our cloud infrastructure and international commerce businesses,' Alibaba, which also owns the Post, said in a filing to the Hong Kong stock exchange. The zero-coupon exchangeable bonds maturing on July 9, 2032, would be sold via a private offering to non-US persons, the filing said, adding that the timing of the offering would depend on market conditions. 11:13 How is betting on AI to transform e-commerce How is betting on AI to transform e-commerce Holders of the bonds may exchange all or any portion of the bonds at any time after 41 days from issuance until five days before their maturity date. The exchange price will be determined at the time of bond pricing.
Reuters
03-07-2025
- Business
- Reuters
Alibaba looking to raise $1.53 billion through exchangeable bonds for cloud, commerce push
July 3 (Reuters) - Chinese tech giant Alibaba Group ( opens new tab said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in cloud infrastructure and global commerce operations. The bonds link to Alibaba Health Technology ( opens new tab, the group said. Investors can later exchange these bonds for shares in Alibaba Health, and the bonds will not pay interest over time. Alibaba Group holds more than 44% of Alibaba Health. The debt sale follows Alibaba's $5 billion dual-currency bond in November, which was the largest deal of its kind in Asia-Pacific during 2024. Thursday's offering comes as more investors tap the Asian credit market after monetary and fiscal stimulus by Beijing policymakers improved the region's debt appeal.. Hong Kong-listed shares of Alibaba Group closed 2.9% lower at HK$106.20 on Thursday, while Alibaba Health stock ended down 2.8%. ($1 = 7.8496 Hong Kong dollars)
Zawya
03-07-2025
- Business
- Zawya
Alibaba looking to raise $1.53 billion through exchangeable bonds for cloud, commerce push
Chinese tech giant Alibaba Group said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in cloud infrastructure and global commerce operations. The bonds link to Alibaba Health Technology, the group said. Investors can later exchange these bonds for shares in Alibaba Health, and the bonds will not pay interest over time. Alibaba Group holds more than 44% of Alibaba Health. The debt sale follows Alibaba's $5 billion dual-currency bond in November, which was the largest deal of its kind in Asia-Pacific during 2024. Thursday's offering comes as more investors tap the Asian credit market after monetary and fiscal stimulus by Beijing policymakers improved the region's debt appeal.. Hong Kong-listed shares of Alibaba Group closed 2.9% lower at HK$106.20 on Thursday, while Alibaba Health stock ended down 2.8%. ($1 = 7.8496 Hong Kong dollars) (Reporting by Rishav Chatterjee in Bengaluru; Editing by Tasim Zahid)
