Bernstein says Baidu (BIDU) announced the issuance of $2B in exchangeable bonds to facilitate the disposal of a large portion of its current stake in Trip.com (TCOM). At this price, Baidu is ...

Baidu (BIDU) announced the pricing of its $2B in aggregate principal amount of exchangeable bonds due 2032. The bonds will reference ordinary shares of Trip.com (TCOM) Group TCOM) that are listed ...

CHINESE technology firm Baidu raised US$2 billion in a sale of bonds exchangeable into the Hong Kong shares of online travel agency Trip.com Group, matching the biggest ever US dollar offering in the ...