| Issuer / Guarantor | Alibaba Group Holding Ltd (ADS) |
|---|---|
| Size | USD 3168mn |
| Type | Convertible |
| Leads | Barclays, Citigroup, HSBC, JP Morgan, Morgan Stanley, UBS |
| Maturity | 15 Sep 2032 (7 years) |
| Coupon | 0% (0%) |
| Premium | 31.25% (27.5 - 32.5%) |
| Calls | NC5; PC @ 130% w table MW |
| Puts | 5yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Mar 2032 (6.5 yrs) |
| Announced | 10 Sep 2025 |