阿里巴巴-W(09988.HK)：完成未到期优先票据的交换要约

Core Viewpoint - Alibaba-W (09988.HK) has completed an exchange offer for its outstanding U.S. dollar-denominated senior unsecured notes due in November 2024 [1] Group 1 - On September 4, 2025, Alibaba initiated an exchange offer for up to $1 billion of 4.875% senior notes due in 2030 [1] - The exchange offer includes up to $1.15 billion of 5.250% senior notes due in 2035 [1] - Additionally, the offer encompasses up to $500 million of 5.625% senior notes due in 2054 [1] Group 2 - The exchanged notes will replace the outstanding principal amounts of the same series of notes that are due in 2030, 2035, and 2054 [1] - These outstanding notes were issued in a transaction exempt from registration under the U.S. Securities Act [1]