Baidu Announces Pricing of CNY10 Billion CNY-denominated Senior Notes

Core Viewpoint - Baidu, Inc. has announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes, aimed at raising funds for general corporate purposes [1][2]. Group 1: Notes Offering Details - The offering consists of CNY7.5 billion of 2.70% notes due in 2030 and CNY2.5 billion of 3.00% notes due in 2035 [2]. - The expected closing date for the Notes Offering is around March 12, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the Notes Offering will be used for general corporate purposes, including repayment of existing indebtedness and payment of interest [2]. Group 3: Regulatory and Listing Information - The Notes have not been registered under the Securities Act and cannot be offered or sold in the United States or to U.S. persons, except under certain exemptions [3]. - The Notes are expected to be listed on The Stock Exchange of Hong Kong Limited [3]. Group 4: Company Overview - Baidu, founded in 2000, is a leading AI company with a strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888" [6].