Alibaba Plans $1.5 Billion Bond Sale with Ali Health Exchange Option

Thursday, Jul 3, 2025 6:53 am ET1min read

Alibaba Group is seeking to raise $1.5 billion through the sale of bonds exchangeable into shares of Alibaba Health Information Technology Ltd. The bonds, due in 2032, carry a zero coupon and have an exchange premium of 40% to 50% over the reference share price. The proceeds will be used for investments in cloud infrastructure and international commerce business. JPMorgan Chase, UBS, Citigroup, and Morgan Stanley are arranging the deal.

Alibaba Plans $1.5 Billion Bond Sale with Ali Health Exchange Option

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