Baidu has issued the first $1bn bond by a Chinese company in more than two months, the latest sign of recovery in Asia’s bruised debt markets.
China’s dominant internet search engine tapped US investors for only the second time on Tuesday after the close of US markets, raising $1bn in five-year bonds.
Last November, the Nasdaq-listed company became the first Chinese borrower to sell bonds exclusively to traditional US credit investors when it raised $1.5bn of dollar debt.
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