Dim sum bond issuance builds momentum towards ‘record year’

As part of a growing trend, Chinese tech giant Baidu announced plans this month to raise Rmb4.4 billion ($617.6 million) of funds through 1.9% four-year senior unsecured notes due 2029. Listed on the Hong Kong Stock Exchange (HKEX), the firm said the proceeds will be used to repay existing debt and interest, as well as general corporate purposes.