Published:
Baidu to offer CNY-denominated senior notes
It intends to use the net proceeds for general corporate purposes.
Artificial intelligence company Baidu, Inc. plans to offer Chinese Yuan-denominated senior unsecured notes in offshore transactions outside the United States to non-US persons.
The company said it intends to use the net proceeds for general corporate purposes, including repayment of existing indebtedness and interests.
The principal amount, interest rates, maturity dates, and other terms of the notes will be determined upon pricing.
The notes have not been and will not be registered under the Securities Act or any state securities laws.
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