Corporate ActionJun 18, 2026, 04:07 PM
Alibaba Adjusts Convertible Note Conversion Rates Due to Dividend
AI Summary
Alibaba Group Holding Ltd. announced adjustments to the conversion rates for its convertible senior notes due 2031 and 2032. These changes were made effective June 11, 2026, following the declaration of an annual regular cash dividend for fiscal year 2026 of US$0.13125 per ordinary share or US$1.05 per ADS. The adjustments result in an increased number of ADSs per US$1,000 principal amount and a higher maximum number of ordinary shares that may be issued upon full conversion of these notes.
Key Highlights
- Alibaba declared an annual cash dividend of US$0.13125 per ordinary share or US$1.05 per ADS for FY2026.
- Conversion rate for 2031 Notes adjusted from 9.8915 ADSs to 9.9823 ADSs per US$1,000 principal amount.
- Maximum conversion rate for 2031 Notes adjusted from 12.8589 ADSs to 12.9770 ADSs per US$1,000 principal amount.
- Maximum ordinary shares issuable from 2031 Notes increased from 514,360,000 to 519,056,000.
- Conversion rate for 2032 Notes adjusted from 5.1773 ADSs to 5.2248 ADSs per US$1,000 principal amount.
- Maximum conversion rate for 2032 Notes adjusted from 6.7953 ADSs to 6.8577 ADSs per US$1,000 principal amount.
- Ordinary shares issuable from 2032 Notes increased from 131,213,488 to 132,417,328.
- All conversion rate adjustments became effective on June 11, 2026.
Price Impact
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