Baidu (BIDU) has priced a $1.5B debt offering - one half consists of 2.25% notes due 2017, and...

|By:, SA News Editor

Baidu (BIDU) has priced a $1.5B debt offering - one half consists of 2.25% notes due 2017, and the other half 3.5% notes due 2022. Baidu, which had $366M in long-term debt at the end of Q3, says it will use the proceeds to retire existing debt and for "general corporate purposes." One of those purposes might be Baidu's CNY10B ($1.6B) cloud services facility.