04:26 AM EST, 03/06/2025 (MT Newswires) -- Baidu ( BIDU ) said late Wednesday that it priced its offering of 10 billion Chinese yuan ($1.38 billion) in senior unsecured notes issued in offshore transactions outside the United States to non-US persons.

The company said the offering consists of 7.5 billion yuan in 2.70% notes due 2030 and 2.5 billion yuan in 3% notes due 2035.

Proceeds from the offering, expected to close on March 12, will be used for general corporate purposes, including the repayment of existing debt, payment of interest, and other corporate needs, it added.