08:07 AM EDT, 09/15/2025 (MT Newswires) -- Baidu ( BIDU ) said Monday it completed a senor notes offering of 4.4 billion Chinese renminbi ($617.6 million).

The offering consisted of 1.9% senior unsecured notes due 2029 sold via offshore transactions to certain non-US persons, the company said.

Net proceeds will be used for general corporate purposes, including repayment of existing debt and payment of interest, Baidu ( BIDU ) said.

Listing of the notes on the Hong Kong Stock Exchange is expected to become effective Tuesday, the company said.