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Alibaba Issues HKD12B+ of Zero Coupon Exchangeable Bonds for ALI HEALTH Shrs at Initial Exchange Price HKD6.23 Per Shr
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BABA-W (09988.HK) announced the pricing of the issuance of HKD12.023 billion zero coupon exchangeable bonds due 2032 by reference to the ordinary shares of ALI HEALTH (00241.HK) that are listed on the Hong Kong Stock Exchange. Bondholders may exchange all or any portion of the bonds for ALI HEALTH shares at an initial exchange ratio of around 160,500 ALI HEALTH shares per HKD1 million principal amount of the bonds, which is equivalent to an initial exchange price of HKD6.23 per ALI HEALTH share, a 37.8% premium to ALI HEALTH's closing price of HKD4.52 yesterday (3rd). The group estimated that the net proceeds from the bond issuance would be around HKD11.9 billion, which is intended to be utilized for general corporate purposes. AAStocks Financial News |
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