China’s Baidu launches U.S. dollar bond amid regulatory uncertainty at home

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.

The search company on Wednesday launched a 5.5 year and 10-year U.S. dollar fixed rate senior unsecured sustainable notes transaction. It didn’t immediately say how much it aimed to raise via the issuance.