Baidu announces proposed debt offering

Beijing, aug. 16, 2021 /prnewswire/ -- baidu, inc. (nasdaq: bidu; hkex: 9888) ("baidu" or the "company"), a leading ai company with strong internet foundation, today announced that it has filed a preliminary prospectus supplement with the united states securities and exchange commission (the "sec") under an automatic shelf registration statement on form f-3, pursuant to which the company proposes to sell senior notes. the company intends to use the net proceeds from the offering for general corporate purposes, including repayment of certain existing indebtedness.
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