You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
阿里巴巴:擬發行約120億港元可交換債券,投入雲計算和國際電商
格隆匯 07-03 18:02

7月3日,阿里巴巴集團發佈公吿,計劃發行本金總額約120億港元、2032年到期的零息可交換債券。債券發行募集資金淨額將用於投入雲計算基礎設施建設和支持國際電商業務發展。

根據公吿,債券將參考阿里健康在香港聯交所上市的普通股。阿里巴巴可選擇通過交付阿里健康股份、現金或現金與阿里健康股份的組合方式履行交換義務。即便全部使用阿里健康股票結算,預計阿里巴巴仍將保持對阿里健康的控股權。

阿里巴巴的財務狀況強勁,最新財報顯示,截至2025年3月31日季度,阿里巴巴淨現金為3664億元人民幣。同時,阿里巴巴保持較低的負債率,在中國頭部互聯網同業中處於較低負債水平和最優信用評級之一。阿里巴巴正在將"AI+雲"為核心的科技業務打造成第二增長曲線,電商出海也藴藏着巨大發展機遇。本次發債計劃投入的雲計算和國際電商兩大領域,正是阿里面向未來的新增長引擎。

公吿顯示,阿里健康在債券發行後及未來交換股份後,仍將是阿里巴巴集團的旗艦醫療健康平台和並表子公司。發行可交換債券不會影響阿里健康的業務經營,也不會影響阿里健康與阿里巴巴其他業務開展合作,阿里巴巴將繼續支持阿里健康發展。阿里健康近期股價表現良好,2025年初至今,股價已上升40%,成為優質的投資標的,令阿里巴巴能憑藉其優勢表現獲得低成本融資,投入業務發展。由於可交換債券不涉及新股發行,阿里健康的總股本不會因此稀釋。

可交換債券是一種較常見的融資方式,企業可根據資本管理和業務發展需要,綜合考慮市場優惠利率狀況,適時開展融資活動,充分利用優惠利率資金投入發展。今年以來,可交換債券發行較為活躍,2025年3月,百度發行了20億美元的可交換債券,2025年5月,中國石化發行了77.5億港元(約10億美元)的可交換債券。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account