Alibaba Group Announces Pricing of Offering of US$5 Billion of Senior Unsecured Notes
February 04 2021 - 6:43PM
Business Wire
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988,
“Alibaba,” “Alibaba Group” or the “company”) today announced the
pricing of an underwritten registered public offering of US$5
billion aggregate principal amount of U.S. dollar-denominated
senior unsecured notes (the “Notes”), including the sustainability
notes being issued under its sustainable finance framework as
identified below, consisting of:
US$1,500,000,000 2.125% notes due 2031 at an
issue price per note of 99.839%;
US$1,000,000,000 2.700% notes due 2041 at an
issue price per note of 99.265% (the “Sustainability Notes”);
US$1,500,000,000 3.150% notes due 2051 at an
issue price per note of 99.981%; and
US$1,000,000,000 3.250% notes due 2061 at an
issue price per note of 99.978%.
The offering is expected to close on February 9, 2021, subject
to customary closing conditions.
Alibaba intends to use the net proceeds of the sale of the Notes
(excluding the Sustainability Notes) for general corporate
purposes, including working capital needs, repayment of offshore
debt and potential acquisitions of or investments in complementary
businesses, and use the net proceeds of the sale of the
Sustainability Notes to finance or refinance, in whole or in part,
one or more of its new or existing eligible projects (the “Eligible
Projects”) in accordance with its sustainable finance framework as
described in the preliminary prospectus supplement and the final
prospectus supplement, when available, relating to the offering.
Examples of Eligible Projects include those in the sectors of green
buildings, energy efficiency, COVID-19 crisis response, renewable
energy and circular economy and design.
This press release contains information about the pending
offering of the Notes, and there can be no assurance that the
offering will be completed.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. An automatic shelf registration
statement (including a prospectus) relating to the offering of debt
securities was filed with the SEC on February 2, 2021 and became
effective upon filing. The offering of the Notes will be made only
by means of a prospectus included in that registration statement,
the preliminary prospectus supplement and the final prospectus
supplement, when available.
This press release may contain statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “propose,”
“intend,” and similar expressions are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements, including statements related to the
expectations regarding the size, tranching, timing and completion
of the company’s proposed offering, are not guarantees of future
performance, results or the completion of any offering on any
announced terms, or at all, and involve risks and uncertainties,
and that actual results, developments or timing of events may
differ materially from those in the forward-looking statements as a
result of various factors, including financial community and rating
agency perceptions of the company and its business, operations,
financial condition and the industries in which it operates, market
conditions, the satisfaction of customary closing conditions
related to the proposed offering and the factors described in the
company’s filings with the Securities and Exchange Commission,
including the section titled “Risk Factors” in the preliminary
prospectus supplement, the final prospectus supplement and the
accompanying prospectus and the exhibits titled “Updated
Information Relating to Alibaba Group”, “Updated Risk Factors,”
“Updated Part I, Item 5. Operating and Financial Review and
Prospects – A. Operating Results, from the Company’s Annual Report
on Form 20-F for the year ended March 31, 2020, as filed with the
Securities and Exchange Commission on July 9, 2020,” and “Operating
and Financial Review and Prospects for the six months ended
September 30, 2020” to the company’s current reports on form 6-K
which are incorporated by reference in the preliminary prospectus
supplement, the final prospectus supplement and accompanying
prospectus. The company disclaims any obligation to update any
forward-looking statements contained herein, except as required
under applicable law.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business
anywhere. The company aims to build the future infrastructure of
commerce. It envisions that its customers will meet, work and live
at Alibaba, and that it will be a good company that lasts for 102
years.
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version on businesswire.com: https://www.businesswire.com/news/home/20210204006154/en/
Investor Relations Contact: Rob Lin Alibaba Group
investor@alibabagroup.com
Media Contacts: Brion Tingler Alibaba Group
brion.tingler@alibaba-inc.com
Cathy Yan Alibaba Group cathy.yan@alibaba-inc.com
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