Core Viewpoint - Alibaba has completed an exchange offer for its outstanding dollar-denominated senior unsecured notes, indicating a strategic move to manage its debt profile and optimize financing costs [1] Group 1: Exchange Offer Details - The exchange offer was initiated on September 4, 2025, for a total principal amount of up to $1 billion in 4.875% senior notes maturing in 2030, up to $1.15 billion in 5.250% senior notes maturing in 2035, and up to $500 million in 5.625% senior notes maturing in 2054 [1] - The company is exchanging these notes for an equal principal amount of its outstanding notes maturing in the same years, which includes the same interest rates [1]

Core Viewpoint - Alibaba-W (09988.HK) has completed an exchange offer for its outstanding U.S. dollar-denominated senior unsecured notes due in November 2024 [1] Group 1 - On September 4, 2025, Alibaba initiated an exchange offer for up to $1 billion of 4.875% senior notes due in 2030 [1] - The exchange offer includes up to $1.15 billion of 5.250% senior notes due in 2035 [1] - Additionally, the offer encompasses up to $500 million of 5.625% senior notes due in 2054 [1] Group 2 - The exchanged notes will replace the outstanding principal amounts of the same series of notes that are due in 2030, 2035, and 2054 [1] - These outstanding notes were issued in a transaction exempt from registration under the U.S. Securities Act [1]

Group 1 - The company has completed the issuance of priority unsecured notes amounting to RMB 4.4 billion, with a maturity date in 2029 and a coupon rate of 1.90% [2] - The notes will be offered offshore to non-U.S. persons in accordance with Regulation S of the U.S. Securities Act [2] - The company plans to use the proceeds for general corporate purposes, including repaying part of existing debt and paying interest [2] Group 2 - The expected listing and trading of the notes on the Hong Kong Stock Exchange is set to take effect on September 16, 2025 [2] - The notes are not registered under the U.S. Securities Act and cannot be offered or sold to U.S. persons [2] - The company will submit a Form 6-K to the U.S. Securities and Exchange Commission [2]

Core Viewpoint - Baidu Group has completed the issuance of CNY 4.4 billion of 1.90% senior unsecured notes due in 2029, which were sold to several non-U.S. persons through offshore transactions under Regulation S of the Securities Act of 1933 [1] Group 1 - The total principal amount of the notes issued is CNY 4.4 billion [1] - The notes are set to mature in 2029 and carry an interest rate of 1.90% [1] - The proceeds from the issuance will be used for general corporate purposes, including repaying existing debts and paying interest [1]

Core Viewpoint - Baidu Group announced plans to issue offshore priority unsecured notes denominated in RMB to non-U.S. persons under Regulation S of the Securities Act of 1933, subject to market conditions and other factors [1] Group 1: Issuance Details - The principal amount, interest rate, maturity date, and other terms of the notes will be determined at the time of pricing [1] - The net proceeds from the issuance will be used for general corporate purposes, including repaying certain existing debts and paying interest [1]

Core Viewpoint - Baidu Group-SW (09888) announced plans to issue offshore, non-guaranteed priority notes denominated in RMB to non-U.S. persons under Regulation S of the Securities Act of 1933, subject to market conditions and other factors [1] Group 1 - The principal amount, interest rate, maturity date, and other terms of the notes will be determined at the time of pricing [1] - The net proceeds from the issuance will be used for general corporate purposes, including repaying certain existing debts and paying interest [1]