BRIEF-Alibaba Group Prices US$2.65 Bln Offering Of U.S. Dollar-Denominated Senior Unsecured Notes

Reuters11-20 09:13

Nov 20 (Reuters) - Alibaba Group Holding Ltd :

* ALIBABA GROUP PRICES US$2.65 BILLION OFFERING OF U.S. DOLLAR-DENOMINATED SENIOR UNSECURED NOTES AND RMB17 BILLION OFFERING OF RMB-DENOMINATED SENIOR UNSECURED NOTES

* OFFERING OF USD NOTES IS EXPECTED TO CLOSE ON NOVEMBER 26, 2024

* OFFERING OF RMB NOTES IS EXPECTED TO CLOSE ON NOVEMBER 28, 2024

* INTENDS TO USE NET PROCEEDS FROM OFFERING OF NOTES FOR GENERAL CORPORATE PURPOSES, OTHERS

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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