HONG KONG : Chinese internet giant Baidu Inc is tapping debt markets with a two-tranche, U.S. dollar sustainability bond in a deal that could test global investor appetite for China tech assets as Beijing cranks up regulatory scrutiny.
Baidu has indicated to investors the 5.5 year tranche will be priced around U.S. Treasuries plus 115 basis points, while the 10-year bond will be around U.S. Treasuries plus 150 basis points, according to a term sheet reviewed by Reuters.
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