Baidu issues $1 billion bonds to be traded on the Singapore Stock Exchange.


Baidu issues $1 billion bonds to be traded on the Singapore Stock Exchange.

On the evening of November 9, Beijing time, Sina Technologies News announced today that Baidu (Nasdaq: BIDU) will publicly issue bonds totalling $1 billion.

These include $600 million in bonds maturing at 4.375% in 2024 and $400 million in bonds maturing at 4.875% in 2028. These bonds have been registered under the US Securities Act of 1933 and are expected to be traded on the Singapore Stock Exchange.

Baidu estimates that after deducting underwriting discounts, commissions and expected issuance fees, the company will generate net income of about $990 million through the bond issue. Baidu plans to use this net income to repay current debt and general corporate purposes.

The joint book management of the bond issue is made by Goldman Sachs (Asia) and J.P. Morgan securities.

In March, Baidu announced the issuance of $1.5 billion in bonds, with a maturity rate of $1 billion in 2023 of 3.875%, and $500 million of bonds with a maturity rate of 4.375% in 2028. These bonds are also traded on the Singapore Stock Exchange. (Li Ming)


Waonews is a news media from China, with hundreds of translations, rolling updates China News, hoping to get the likes of foreign netizens