Bloomberg

Baidu to Sell $1 Billion of Bonds Amid China Tech Crackdown

(Bloomberg) — Baidu Inc. is selling $1 billion of bonds in a two-part sustainable deal, according to people familiar with the matter, marking the first major global debt offering by a Chinese tech firm since Beijing escalated a crackdown on private enterprise.The Internet search giant, an investment-grade issuer, will sell 5.5-year and 10-year notes at 83 basis points and 113 basis points, respectively, above comparable Treasuries, said the people, who asked not to be identified because they’re

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