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Baidu Prices Chinese Renminbi-Denominated Debt Offering
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Baidu Prices Chinese Renminbi-Denominated Debt Offering
Sep 9, 2025 1:33 AM

04:23 AM EDT, 09/09/2025 (MT Newswires) -- Baidu ( BIDU ) said late Monday it priced an offering of 4.4 billion Chinese renminbi ($617.3 million) of 1.9% senior unsecured notes due 2029.

The notes were offered to non-US persons in offshore transactions.

The company expects the offering to close by Sept. 15, with the proceeds to go toward general corporate purposes.

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