Lorretta Chen, Bloomberg News Journalist Profile

Articles

Gaw Capital’s Hong Kong Towers Loan Gets Extended by a Month

1 week ago | bloomberg.com | Lorretta Chen

Hong Kong-based investment firm Gaw Capital Partners’ syndicated loan backing two office towers has been extended by a month, according to people familiar with the matter, as talks with banks on a refinancing proposal continue. All banks have agreed to extend the maturity of a HK$10.3 billion ($1.3 billion) loan due early April to May 9, said the people, who asked not to be identified discussing private matters.
Oaktree Capital Puts Hong Kong Commercial Building on the Market

2 weeks ago | bloomberg.com | Pearl Liu |Lorretta Chen |Shawna Kwan

Buildings in Hong Kong, China, on Wednesday, May, 26, 2021. Hong Kong's unemployment rate fell for a second straight month in April as the city slowly emerges from an extended slump fueled by the pandemic and social unrest.
R&F Units’ Wind-Up Cases Dismissed in Setback for Creditors

3 weeks ago | news.bloomberglaw.com | Lorretta Chen |Pearl Liu |Trista Xinyi Luo

A Hong Kong judge dismissed winding-up petitions against two units of Chinese developer Guangzhou R&F Properties, in a blow to creditors seeking repayment of a $614 million loan. During a hearing Monday, High Court Judge Linda Chan questioned the purpose of liquidation cases against R&F Properties (HK) Co. and Trillion Glory Ltd., saying that the two units “have no free assets” for the petitioning creditors to take.
R&F Units’ Wind-Up Cases Dismissed in Setback for Creditors

3 weeks ago | news.bloombergtax.com | Lorretta Chen |Pearl Liu |Trista Xinyi Luo

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China Starts Marketing Debut Sovereign Green Bonds in London

1 month ago | bloomberg.com | Lorretta Chen

China’s Ministry of Finance has mandated banks for the sale of yuan-denominated three-year and five-year green bonds for an inaugural listing in London, according to a person familiar with the matter. A fixed income investor conference will be held April 1 in London, the person said, asking not to be identified.
Baidu’s Bond Sale Rides AI Wave With Sector-Beating Pricing

1 month ago | bloomberg.com | Lorretta Chen

Baidu Inc. timed it just right with its $1.4 billion debt sale. The search engine giant’s offering — coming ahead of a $600 million debt due in April - wrapped up Wednesday, as investors kept bidding up China’s artificial intelligence-linked stocks.
Baidu’s Bond Sale Rides AI Wave With Sector-Beating Pricing

1 month ago | ca.finance.yahoo.com | Lorretta Chen

(Bloomberg) -- Baidu Inc. timed it just right with its $1.4 billion debt sale. • How Upzoning in Cambridge Broke the YIMBY Mold• NYC’s Finances Are Sinking With Gauge Falling to 11-Year Low• Remembering the Landscape Architect Who Embraced the CityThe search engine giant’s offering — coming ahead of a $600 million debt due in April - wrapped up Wednesday, as investors kept bidding up China’s artificial intelligence-linked stocks.
Baidu Markets Debut Dim Sum Bond in First Offering Since 2021

1 month ago | bloomberg.com | Lorretta Chen

Chinese technology giant Baidu Inc. began marketing offshore yuan-denominated bonds of five- and 10-year tenors, according to a person familiar with the matter. The company is selling the dim sum bonds at an initial price guidance of 3% annual coupon rate for the five-year note and 3.4% for the 10-year one, the person said, asking not to be identified.
Baidu Plans to Raise $1.4 Billion in Sale of Offshore Yuan Bonds

1 month ago | news.bloombergtax.com | Jackie Cai |Lorretta Chen

Baidu Inc., the operator of China’s leading search engine, is planning to offer about 10 billion yuan ($1.4 billion) of bonds offshore, people familiar with the matter said, adding to a string of recent debt financings by the nation’s tech companies. The deal will consist of a 5-year note to yield 2.6% to 2.8%, and a 10-year security at 2.8% to 3.0%, according to the people, who asked not to be identified. It may price on Wednesday.
Baidu Plans to Raise $1.4 Billion in Sale of Offshore Yuan Bonds

1 month ago | bloomberg.com | Jackie Cai |Lorretta Chen

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