Baidu markets dual-tranche US dollar bonds
HONG KONG, June 28 (IFR) - Chinese internet search provider Baidu is marketing a SEC-registered dual-tranche senior unsecured US dollar benchmark bond offering.
TORONTO Feb 28 Freeport-McMoRan Copper & Gold Inc said on Thursday it plans to issue senior notes through a private placement, with the proceeds to help fund the copper producer's move into oil and gas production.
Freeport, faced with a lack of high-quality new copper deposits, agreed in December to buy Plains Exploration & Production Co and McMoRan Exploration Co in separate deals worth a combined $9 billion.
The Phoenix-based company secured $7 billion in debt financing earlier this month, including a $4 billion term loan and a $3 billion revolving credit facility.
Freeport will use the proceeds of the senior note offering, together with its term loan, to fund the two deals, which are expected to close in the second quarter of 2013.
The copper and gold miner did not give any details on the value of the private placement.
June 28 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.