Chinese appliance maker Midea Group Co. is considering a convertible bond sale
of up to $2 billion amid surging demand, people familiar said. The Hong Kong-
and Shenzhen-listed firm has discussed the plan with advisers, though no
decision has been made and terms may change. The company denied considering such
an offering. If pursued, it would join Chinese issuers tapping convertibles to
benefit from lower borrowing costs and elevated equity valuations.
