BEIJING (dpa-AFX) - Alibaba Group Holding Ltd. (BABA), Thursday announced a
proposed offering of $4.5 billion of convertible senior notes, which will mature
on June 1, 2031.

The Hangzhou-based company intends to use the proceeds to repurchase American
depository shares, and finance upcoming share repurchases and capped call
transactions.

Also, the company plans to offer an option to purchase notes upto an additional
$500 million within 13 days.

Currently, Alibaba's stock is trading at $82.43, down 0.29 percent on the New
York Stock Exchange.



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