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Baidu prices $1.5B note offering

Mar. 22, 2018 5:32 PM ETBaidu, Inc. (BIDU) StockBy: Brandy Betz, SA News Editor6 Comments
  • 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.    

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