Source: China – South China Morning PostChinese search engine giant Baidu will issue a 4.4 billion yuan (US$618 million) dim sum bond aimed at securing lower financing costs and operational flexibility amid an aggressive artificial intelligence expansion.
The bond carries an annual coupon of 1.9 per cent and will mature in 2029. Baidu priced the bond on Tuesday, with the offering expected to close on or about September 15, 2029.
It is the second dim sum bond – denominated in yuan and issued outside mainland China – that the company…Read More