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Alibaba will issue debt in dollars for "corporate purposes"

The giant Chinese e-commerce company Alibaba announced today that it will offer the acquisition of promissory notes in US dollars with which it expects to raise funds for "for general corporate purposes. "

Shanghai (China), Nov 27 (EFE) .- The giant Chinese e-commerce company Alibaba announced today that it will offer the acquisition of promissory notes in US dollars with which It expects to raise funds for "for general corporate purposes."

As reported by the company today in a statement, the principal amount, interest rates, due dates and other terms of the bonds have not yet been determined.

The money obtained will be used for general corporate purposes, including working capital needs, reimbursement. of debt outside of China and possible acquisitions or investments in complementary businesses.

Alibaba has already carried out a similar operation in 2014, with an offer for 8,000 million of dollars.

The risk rating agencies S & P and Fitch assigned an expected "A +" note to the operation. the final documents according to the information already received. "

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