Weibo grabs $750m from offshore market
Chinese social media platform Weibo Corp returned to the dollar market on Tuesday with a 10 year bond.
The Baa1/BBB rated company, which is often compared to Twitter, began marketing its decade note at the 320bp over US Treasuries area on Tuesday, the day before a public holiday in Hong Kong. The $750m deal was closed at 280bp over. The notes have a 3.375% coupon, and