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BIDU-SW US$2B Exchangeable Bonds Multiple Times Oversubscribed: Report
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BIDU-SW (09888.HK) announced the issuance of a US$2 billion exchangeable bond last week.

The bonds have been subscribed by funds with a long-term horizon and other investors that took a long position, and was multiple times oversubscribed, Bloomberg quoted sources as saying.

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Today (10th), BIDU-SW thrived against the market, and last printed at $91.65, adding 0.94%. Volume was 19.8058 million shares, involving $1.839 billion.
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