Beijing: Baidu Inc, the operator of China’s leading search engine, is planning to offer about 10 billion yuan or about US$1.4bil of bonds offshore, people familiar with the matter say, adding to a string of recent debt financings by the nation’s tech companies.
The deal will consist of a five-year note to yield 2.6% to 2.8%, and a 10-year security at 2.8% to 3.0%, according to the people, who asked not to be identified.
