{"id":822277,"date":"2025-03-05T18:12:35","date_gmt":"2025-03-05T23:12:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baidu-announces-pricing-of-cny10-billion-cny-denominated-senior-notes\/"},"modified":"2025-03-05T18:12:35","modified_gmt":"2025-03-05T23:12:35","slug":"baidu-announces-pricing-of-cny10-billion-cny-denominated-senior-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baidu-announces-pricing-of-cny10-billion-cny-denominated-senior-notes\/","title":{"rendered":"Baidu Announces Pricing of CNY10 Billion CNY-denominated Senior Notes"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n BEIJING<\/span>
\n <\/span>, March 5, 2025<\/span><\/span> \/PRNewswire\/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced the pricing of its offering of CNY<\/span>10<\/span> billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”). The Notes were offered in offshore transactions outside\u00a0the United States\u00a0to certain non-U.S. persons (the “Notes Offering”) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).<\/span>\u00a0<\/span><\/p>\n

\n The Notes Offering consists of CNY7.5 billion<\/span> of 2.70% notes due 203<\/span>
\n 0<\/span>
\n and CNY2.5 billion<\/span> of 3.00% notes due 2035. The Company expects to close the Notes Offering on or about March 12, 2025<\/span>, subject to the satisfaction of customary closing conditions.<\/span>\n <\/p>\n

\n The Company intends to use the net proceeds from the Notes Offering for general corporate purposes, including repayment of certain existing indebtedness, payment of interest and general corporate purposes.<\/span>\n <\/p>\n

\n The Notes have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States<\/span> or to, or for the account or benefits of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.<\/span>\n <\/p>\n

\n The Notes are expected to be listed on <\/span>
\n The Stock Exchange of Hong Kong Limited<\/span>
\n (the “Hong Kong Stock Exchange”).<\/span>\n <\/p>\n

\n This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States<\/span> or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offering of securities will be made by means of one or more offering documents, which will contain detailed material information about the Company and its <\/span>
\n operational<\/span>
\n and financial <\/span>
\n performance<\/span>
\n .<\/span>\n <\/p>\n

\n This announcement contains information about the pending <\/span>
\n Notes<\/span>
\n Offering, and there can be no assurance that the <\/span>
\n Notes<\/span>
\n Offering will be completed.<\/span>\n <\/p>\n

\n
\n About Baidu <\/span>
\n <\/b>\n <\/p>\n

\n Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.<\/span>\n <\/p>\n

\n
\n Safe Harbor Statement <\/span>
\n <\/b>\n <\/p>\n

\n This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China<\/span>; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China<\/span> and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the SEC, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.<\/span>\n <\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/baidu-announces-pricing-of-cny10-billion-cny-denominated-senior-notes-302393818.html<\/a><\/p>\n

SOURCE Baidu, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BEIJING , March 5, 2025 \/PRNewswire\/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”). The Notes were offered in offshore transactions outside\u00a0the United States\u00a0to certain non-U.S. persons (the “Notes Offering”) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).\u00a0 The Notes Offering consists of CNY7.5 billion of 2.70% notes due 203 0 and CNY2.5 billion of 3.00% notes due 2035. The Company expects to close the Notes Offering on or about … <\/p>\n

Continue reading “Baidu Announces Pricing of CNY10 Billion CNY-denominated Senior Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-822277","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBaidu Announces Pricing of CNY10 Billion CNY-denominated Senior Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baidu-announces-pricing-of-cny10-billion-cny-denominated-senior-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baidu Announces Pricing of CNY10 Billion CNY-denominated Senior Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BEIJING , March 5, 2025 \/PRNewswire\/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”). The Notes were offered in offshore transactions outside\u00a0the United States\u00a0to certain non-U.S. persons (the “Notes Offering”) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).\u00a0 The Notes Offering consists of CNY7.5 billion of 2.70% notes due 203 0 and CNY2.5 billion of 3.00% notes due 2035. 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