- Baidu (NASDAQ:BIDU) prices its public offering of $1.5B of its notes.
- The offering consists of $1B of 3.875% notes due 2023 and $500M of 4.375% notes due 2028.
- Baidu expects to receive net proceeds of around $1.49B and will use the funds to repay existing debts and for general corporate purposes.
- Baidu shares are down 0.13% aftermarket to $235.80.