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BABA-W Reportedly Blocks Asian Investors from Subscribing for USD3.2B CB Amid Oversubscription
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BABA-W (09988.HK) closed subscriptions from Asian investors for its USD3.17 billion convertible bonds at 1 pm Hong Kong time, according to Bloomberg. The subscriptions have reached several times the issuance size, with global long-only investors already submitting applications. Meanwhile, the convertible bond's conversion premium range has been adjusted from 27.5-32.5% to 30-32.5%. AAStocks Financial News |
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