BIDU-SW (09888) announced that it plans to issue 1.90% preferred unsecured notes with a total principal amount of RMB 4.4 billion, maturing in 2029. The company expects to complete the note issuance on or around September 15, 2025, subject to customary closing conditions. The company intends to use the net proceeds from the note issuance for general corporate purposes, including repaying certain existing debts, paying interest, and general corporate purposes.
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