(Bloomberg)-The Chinese technology company Baidu Inc. gathered. Two billion dollars in the sale of exchangeable bonds in Hong Kong shares in the Trip.com Group.com Group.com Group, where the largest offers ever coordinate by Asian source.
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Bido said in a statement on Friday that the exchangeable bonds are in 2032. The Beijing -based search engine operator said that he is planning to use returns from the offer to pay debts, pay interest and spend on public companies.
The statement showed that the bonds, which carry a zero voucher, at the price of the stock exchange, are about 43 % for $ 491, Hong Kong for each Trip.com. Trip.com shares were closed at $ 511.50 Hong Kong in Hong Kong on Friday.
The deal came after Baidu sold 10 billion yuan ($ 1.4 billion) of bonds outside the mainland of China in its first debt version since 2021. Baidu is among the main contributors to Trip.com.
Baidu has become the latest in a series of companies that achieve the maximum benefit from gathering in Chinese stocks to raise money. Earlier this week, Electric-withicle Maker Co. 5.6 billion dollars in the sale of shares, which was greater in Hong Kong for nearly four years.
The artificial Deepseek penetration in the field of sales in Chinese stocks in Chinese stocks has fueled. The technology sector obtained another batch this week after Beijing in the National Popular Congress said that it would support the wide application of artificial intelligence models on a large scale and the development of smart stations of the new generation and manufacturing equipment.
However, Bido’s shares were absent from a large part of this step: its inventory listed in Hong Kong increased by 9.8 % this year, which led to a 35 % profit weakening in the Hang Singh Technology Index during the same period.
BAIDU informed last month that its third revenue decreased in a row, confirming that its research on the Internet and the gathering of artificial intelligence in the framework of fierce competition.
JPMorgan Chase & Co. And Morgan Stanley and Goldman Sachs Group Inc. And Bank of America Corp. In order of exchangeable bonds. The bonds are expected to be listed in the open market sector from the Frankfurt Stock Exchange.
(Updates with prices in the third paragraph and additional details in the final paragraph.)
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