Alibaba looking to raise $1.53 billion through exchangeable bonds
Chinese tech giant Alibaba Group is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in its cloud infrastructure and global commerce operations, the company said on Thursday.
Investors can later exchange these bonds, which link to Alibaba Health Technology, for shares in Alibaba Health, and the bonds will not pay interest over time.
