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- by manilatimes.net
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Baidu Announces Pricing of US$2 Billion Offering of Zero Coupon Exchangeable Bonds
BEIJING, March 7, 2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ('Baidu' or the 'Company'), a leading AI company with strong Internet foundation, today announced the pricing of its US$2 billion in aggregate principal amount of exchangeable bonds due 2032 (the 'Bonds'). The Bonds were offered in offshore transactions outside the United States to certain non-U.S. persons (the 'Bonds Offering') in reliance on Regulation S under the United States Securities Act of 1933, as amended (the 'Securities Act'). The Company expects to close the Bonds Offering on or about March 12, 2025, subject to the satisfaction of customary closing conditions.