On November 18th, Alibaba announced on the Hong Kong Stock Exchange that it plans to simultaneously issue senior unsecured notes denominated in US dollars and senior unsecured notes denominated in Chinese yuan. The principal amount, interest rate, maturity date, and other terms of the bill will be determined at the time of issuance pricing.
Alibaba stated that it plans to use the net proceeds from the issuance of the notes for general corporate purposes, including repaying overseas debts and repurchasing shares.