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China s Alibaba to raise $4 5 billion through convertible bonds, repurchase shares

Repurchase and future buybacks will be funded by the net proceeds of the notes offering

China s Alibaba to raise US$4 5 billion through convertible bonds, repurchase shares

ALIBABA Group Holding said on Thursday (May 23) the Chinese e-commerce giant would sell convertible bonds to raise about US$4.5 billion and plans to use some of the proceeds to repurchase American Depositary Shares.

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