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16.09.25 - 01:12
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Hong Kong′s dim sum bond market is on track for record year of issuances (SCMP)
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Hong Kong's offshore yuan bond market is on track for a record-breaking year as some of mainland China's largest technology firms prepare for deals, underscoring the city's push to be a fundraising hub beyond equities.
Chinese search-engine giant Baidu on September 9 said it would issue 4.5 billion yuan (US$618 million) in dim sum bonds, following a 10 billion yuan sale in March. Technology firms Meituan and Tencent Holdings were also reportedly weighing debt sales. Neither firm has made such a......
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09.09.25 - 09:30
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Baidu issues dim sum bond amid tough competition (SCMP)
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Chinese search engine giant Baidu will issue a 4.4 billion yuan (US$618 million) dim sum bond aimed at securing lower financing costs and operational flexibility amid an aggressive artificial intelligence expansion.
The bond carries an annual coupon of 1.9 per cent and will mature in 2029. Baidu priced the bond on Tuesday, with the offering expected to close on or about September 15, 2029.
It is the second dim sum bond – denominated in yuan and issued outside mainland China – that the company......
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24.06.25 - 07:06
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Chinese firms drive US$13 billion Asian boom in convertible bonds (SCMP)
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Issuance of equity-linked debt, including convertible bonds, could hit a record high in Asia-Pacific this year, driven by Chinese firms seeking lower-cost funding and investors betting on market gains amid global volatility, according to bankers.
So far this year, investors have shown a strong appetite for US$10 billion in convertible and exchangeable bond offerings by issuers from mainland China and Hong Kong, including Baidu, Ping An Insurance (Group) and Chow Tai Fook Jewellery Group – even......
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