Baidu Prices 4.4 Billion Yuan Senior Notes Due 2029

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Baidu (HKG:9888, HKG:89888) priced 4.4 billion yuan of 1.9% senior unsecured notes due 2029, the company said in a Tuesday Hong Kong bourse filing.

The bonds were offered in offshore transactions and are expected to close on Sept. 15, subject to customary conditions.

Proceeds will be used for general corporate purposes, including debt repayment and interest payments.

The notes are expected to be listed on the Hong Kong Stock Exchange.

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