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Baidu to sell $1bn of bonds amid China tech crackdown

August 19, 2021
Source: businesslive.co.za businesslive.co.za
News Snapshot:
Baidu to sell $1bn of bonds amid China tech crackdown 18 August 2021 - 21:30 Alice Huang and Rebecca Choong Wilkins Men interact with a Baidu robot near the company logo at its headquarters in Beijing, China, April 23 2021. Picture: REUTERS/FLORENCE LO Baidu is selling $1bn of bonds in a two-part sustainable deal, according to people familiar with the matter, marking the first major global debt offering by a Chinese tech firm since Beijing escalated a crackdown on private enterprise. The internet search giant, an investment-grade issuer, will sell 5.5-year and 10-year notes at 83 basis points and 113...
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