China's leading search engine operator (HKG:9888) plans to offer about 10 billion yuan of bonds offshore, Bloomberg News reported Monday, citing people familiar with the matter.
The bonds will consist of a five-year note with a 2.6% to 2.8% interest and a 10-year security with 2.8% to 3.0% interest, according to the people cited by the news agency. The issue size was increased by at least 4 billion yuan after a recent discussion, Bloomberg reported.
Baidu did not immediately respond to MTNewswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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