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

Core Viewpoint - Baidu, Inc. has successfully completed an offering of CNY 4.4 billion in senior unsecured notes with a 1.90% interest rate, maturing in 2029, aimed at enhancing its financial flexibility and supporting general corporate purposes [1][2]. Group 1 - The offering of the notes was conducted outside the United States, targeting non-U.S. persons, in compliance with Regulation S under the U.S. Securities Act of 1933 [1][3]. - The net proceeds from the notes will be utilized for general corporate purposes, including the repayment of existing debt and interest payments [2]. - The notes are expected to be listed on The Stock Exchange of Hong Kong Limited, with trading commencing on September 16, 2025 [4]. Group 2 - Baidu, founded in 2000, is recognized as a leading AI company with a robust internet foundation, trading on Nasdaq and the Hong Kong Stock Exchange [5]. - One American Depositary Share (ADS) of Baidu represents eight Class A ordinary shares [5].