Alibaba.com
Alibaba issues record convertible bonds of 4.5 billion USD to buy back shares
Alibaba, China’s leading e-commerce company, has just raised 4.5 billion USD through convertible bonds – this is the largest amount of USD-denominated bonds ever issued by an Asian company. This money will be used to buy back shares and invest in areas such as artificial intelligence. This bond has an interest rate of 0.5% and […]
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