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Baidu Plans Chinese Renminbi-Denominated Debt Offering
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Baidu Plans Chinese Renminbi-Denominated Debt Offering
Mar 5, 2025 1:19 AM

04:09 AM EST, 03/05/2025 (MT Newswires) -- Baidu ( BIDU ) said late Tuesday it plans an offering of Chinese renminbi-denominated senior unsecured notes in offshore transactions outside the US.

The company intends to use the net proceeds for general corporate purposes.

Baidu's ( BIDU ) US-listed shares were up 3% in recent premarket activity Wednesday.

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