China’s Midea Is Said to Mull $2 Billion Convertible Bond Sale

Chinese appliance maker Midea Group Co. is considering a potential convertible bond offering that could raise as much as about $2 billion, people familiar with the matter said, as sales of such notes surge.

The company, listed in both Hong Kong and Shenzhen, has held discussions with advisers about the possible sale, the people said, asking not to be identified because the information is private. No decision has been taken and details could change, they added. Borrowers gauge market conditions in timing such financings.