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Alibaba Issues HKD12B+ of Zero Coupon Exchangeable Bonds for ALI HEALTH Shrs at Initial Exchange Price HKD6.23 Per Shr
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) th...
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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)  -1.100 (-1.036%)    Short selling $1.26B; Ratio 11.309%   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)  -0.300 (-6.637%)    Short selling $467.26M; Ratio 21.575%   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).

Related NewsCLSA: BABA-W Issues Zero-coupon CB w/ Higher Conversion Premium; Purpose Believed to Not to Be to Cut Stake in ALI HEALTH
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.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)

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