Alibaba Raises $5B Long-Term Debt For Refinancing Debt, Acquisitions And Sustainability Projects - Alibaba Gr Holding (NYSE:BABA)

Alibaba Group Holding Limited (NYSE: BABA) priced debt offering worth $5 billion. The offering included $1 billion 2.7% sustainability notes due 2041, $1.5 billion 2.125% notes due 2031, $1.5 billion 3.150% notes due 2051, and $1 billion 3.250% notes due 2061.
The offering proceeds excluding the sustainability notes pertained to general corporate requirements, including working capital, offshore debt repayment, acquisitions, and investments.
The remaining proceeds catered to financing projects regarding green buildings, energy efficiency, COVID-19, and renewable energy.
It is worth noting that Ant Group could spin-off consumer-credit data operations to help the company revive suspended IPO within two years
Price action: BABA’s shares are trading lower by 0.30% at $266.15 in the pre-market session on the last check Friday.