Source: Tech – South China Morning PostBaidu has raised US$1 billion from its first US dollar sustainable bonds, as the Chinese search engine and artificial intelligence giant tapped strong investor demand for green notes, taking it one step closer to achieving its goal of becoming carbon neutral by 2030.
The debt offering comprises a US$300 million tranche maturing in 2027, and a US$700 million tranche maturing in 2031. Both senior unsecured notes, rated “A3” by Moody’s and “A” by Fitch, were priced at much tighter credit spreads…Read More