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").
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