BUZZ-Baidu's Hong Kong shares hit near 6-month high on notes issuing plan

Reuters
5 hours ago
BUZZ-<a href="https://laohu8.com/S/09888">Baidu</a>'s Hong Kong shares hit near 6-month high on notes issuing plan

** Hong Kong-listed shares of Baidu Inc 9888.HK rise 4.7% to HK$101.6, their highest level since March 18, and on course for a fourth consecutive session of gains

** Stock posts its biggest intraday pct rise since August 25

** Stock is third-biggest pct gainer on the Hang Seng Tech Index .HSTECH and the Hang Seng Commerce & Industry Index .HSNC

** Baidu on Monday proposes to offer CNY-denominated senior unsecured notes, raising proceeds for repayment of certain existing indebtedness, payment of interest and for general corporate purposes

** Says principal amount, interest rates, maturity dates and other terms of the notes will be determined at the time of pricing of the notes offering

** Baidu's U.S.-listed stock BIDU.O rose 3.8% on Friday

** Hang Seng China Enterprises Index .HSCE climbs 0.2%, benchmark Hang Seng Index .HSI gains 0.4%

** YTD, Hong Kong stock up 19.8%, U.S.-listed shares up 20.9%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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