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BIDU-SW Reportedly Plans to Issue RMB10B in Offshore Bonds
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BIDU-SW (09888.HK) plans to issue RMB10 billion in offshore renminbi bonds, marking the latest move in a series of recent debt financing initiatives, Bloomberg, citing sources familiar with the matter, reported. Baidu will reportedly issue a 5-year bond with a yield ranging from 2.6% to 2.8%, alongside a 10-year bond offering a yield of 2.8% to 3%. The bonds are expected to be priced as early as Wednesday, March 5. BIDU-SW's stock price fared strongly today (3rd), echoing the local market. Shares last stood at HKD84.85, up 1.62%, with a trading volume of 3.147 million shares and a turnover of HKD265 million. AAStocks Financial News |
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