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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: Jefferson Research

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Baidu Inc Announces Pricing Of USD1 Billion Notes Offering

Wednesday, 31 Jul 2013 01:35am EDT 

Baidu Inc announced the pricing of public offering of USD1 billion aggregate principal amount of 3.250% notes due 2018. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on the Singapore Exchange Securities Trading Limited. The Company expects to receive net proceeds from the offering of approximately USD994.4 million, after deducting underwriting discounts and commissions and estimated net offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, including merger and acquisition activities. The joint bookrunners of the offering are J.P. Morgan Securities LLC and Goldman Sachs (Asia) L.L.C. 

Company Quote

7.91 +3.53%
10:00am EST