Baidu Completes Offering of CNY10 Billion Senior Unsecured Notes
Beijing, China, March 12, 2025 – Baidu, Inc., a leading artificial intelligence (AI) company with a strong Internet foundation, announced the successful completion of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”) in offshore transactions outside the United States. The sale was made to certain non-U.S. persons in compliance with Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).
Details of the Offering
The Notes will bear interest at a rate of 3.60% per annum, payable semi-annually. The Notes will mature on March 12, 2030. The net proceeds from the offering are expected to be approximately CNY9.65 billion after deducting the underwriting discount and estimated offering expenses.
Impact on Baidu
The successful issuance of these Notes will further strengthen Baidu’s financial position. The proceeds will be used for general corporate purposes, which may include investments in its AI and other strategic initiatives, capital expenditures, and working capital needs.
Impact on the World
Baidu’s successful offering of CNY10 billion in senior unsecured notes is a testament to the growing demand for Chinese bonds in the international market. It also highlights Baidu’s strong financial position and its ability to access global capital markets. This trend is expected to continue as more Chinese companies look to issue bonds offshore to diversify their funding sources and tap into the deep pool of international capital.
Conclusion
Baidu’s successful offering of CNY10 billion in senior unsecured notes is a significant development for the company and the Chinese bond market. The proceeds from the offering will provide Baidu with additional financial flexibility to invest in its AI and other strategic initiatives. Moreover, it underscores the growing demand for Chinese bonds in the international market and the increasing importance of China in the global economy.
- Baidu successfully completes offering of CNY10 billion senior unsecured notes
- Proceeds will be used for general corporate purposes
- Demand for Chinese bonds in international market continues to grow
- Baidu’s strong financial position and ability to access global capital markets
As a non-Baidu user, this announcement may not have a direct impact on your daily life. However, it is an important development for investors and financial markets, as it demonstrates the growing strength and global reach of Chinese companies. The successful issuance of these Notes by Baidu is a positive sign for the Chinese economy and the global financial system.
For more information about Baidu, please visit their official website at www.baidu.com.
