Firms act on China tech giant Baidu’s RMB10bn offshore bonds
Skadden, Han Kun Law Offices, Jingtian & Gongcheng and Davis Polk have assisted Chinese technology giant Baidu in completing its first offshore reminbi bond issuance, totalling RMB10 billion (USD1.48 billion). The two HKEX-listed bonds, completed on 13 March, included RMB7.5 billion in notes, due in 2030 with a coupon rate of 2.7% per year, and…
