Thursday, November 13, 2014

$BABA - Alibaba to Offer Unsecured Notes to Refinance Some of its Debt

Alibaba Group Holding Ltd. said Thursday it is planning to issue unsecured notes to refinance some of its debt. 

The Chinese e-commerce company said in a statement that the terms of the notes, including their principal amount, interest rates and maturity dates haven't yet been determined. 

"This is a simple refinancing of debt and normal course of business," an Alibaba spokesman said.