Cash-rich Baidu turns to dollar bond markets

China's dominant internet search engine, co-founded by Robin Li, raises $1.5 billion in a debut bond sold mainly to high-grade US investors.
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Baidu: China's answer to Google
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<div style="text-align: left;"> Baidu: China's answer to Google </div>

Chinese search engine Baidu raised $1.5 billion in one fell swoop from its first dollar bond, making it one of the biggest debut bonds from a private sector company out of Asia.

¬ Haymarket Media Limited. All rights reserved.

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