Baidu connects with investors for $950m bond

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By Morgan Davis
07 Oct 2020

US investors shrugged off concerns over tensions between their country and China to support internet company Baidu’s $950m dual-tranche bond outing this week.

Chinese company Baidu ventured out to the debt market amid the week-long Golden Week holiday in the mainland. Usually that means a temporary halt for Chinese borrowers, but Baidu bucked the trend to sell its dollar deal on Tuesday.

“Baidu is not a typical China trade in ...

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