Source: Tech – South China Morning PostKuaishou Technology plans to raise a combined US$2 billion from a dual-currency bond sale as the short-video platform operator taps the overseas debt market for the first time to strengthen its businesses.
The company would issue a US$1.5 billion tranche and a 3.5 billion yuan (US$502.4 million) tranche, both in Hong Kong, according to an exchange filing on Friday. The dollar bonds maturing in January 2031 will carry a coupon of 4.125 per cent, while those due in January 2036 will carry a 4.75…Read More