HONG KONG -- Chinese internet search company Baidu intends to tap debt markets with five-year and 10-year dollar-denominated bonds, a sign of rising investor appetite for corporate credit despite the coronavirus outbreak.
China tech
Baidu braves market tumult with bond issuance
China internet search company's plan hits as market activity quietly resumes
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Baidu is expected to use the proceeds to get around China's capital outflow controls and redeem offshore bonds. © Reuters
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