Alibaba Group Announces Pricing of Offering of US$7.0 Billion of Senior Unsecured Notes

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Alibaba Group Announces Pricing of Offering of US$7.0 Billion of Senior Unsecured Notes
Wednesday, November 29, 2017 6:27 pm EST



Public Company Information:

"Management’s Discussion and Analysis of Financial Condition and Results of Operations"

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (“Alibaba”) (NYSE:BABA) today announced the pricing of an underwritten registered public offering of US$7.0 billion aggregate principal amount of senior unsecured notes, consisting of:

US$700,000,000 2.800% notes due 2023 at an issue price per note of 99.853%;

US$2,550,000,000 3.400% notes due 2027 at an issue price per note of 99.396%;

US$1,000,000,000 4.000% notes due 2037 at an issue price per note of 99.863%;

US$1,750,000,000 4.200% notes due 2047 at an issue price per note of 99.831%; and

US$1,000,000,000 4.400% notes due 2057 at an issue price per note of 99.813% (collectively, the “notes”).

The offering is expected to close on December 6, 2017, subject to customary closing conditions.

Alibaba plans to use the net proceeds for general corporate purposes.

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 November 24, 2017 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, when available.

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 may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “propose,” “plan,” “expect” and similar expressions are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements, including statements relating to the timing and completion of the Company’s proposed offering, are not guarantees of future performance or 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 sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The company disclaims any obligation to update any forward-looking statements contained herein, except as required under applicable law.


Alibaba Group
Cathy Yan, +852 9012 5806
Brion Tingler, +1 917 528 1992
Maja Hauke, +44 (0) 20 7 3958330