Baidu Announces Pricing of CNY4.4 Billion CNY-denominated Senior Notes

Core Viewpoint - Baidu, Inc. has announced the pricing of its offering of CNY4.4 billion aggregate principal amount of 1.90% senior unsecured notes due 2029, aimed at raising funds for general corporate purposes [1][2]. Group 1: Notes Offering Details - The offering consists of CNY4.4 billion in senior unsecured notes with a 1.90% interest rate, maturing in 2029 [1]. - The notes will be offered in offshore transactions outside the United States, specifically to non-U.S. persons, in compliance with Regulation S under the U.S. Securities Act [1][3]. - The expected closing date for the notes offering is around September 15, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be utilized for general corporate purposes, which include the 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 specific exemptions [3]. - The notes are anticipated to be listed on The Stock Exchange of Hong Kong Limited [3]. Group 4: Company Overview - Baidu, founded in 2000, is recognized as a leading AI company with a robust Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888" [6].