Baidu Completes $2 Billion Exchangeable Bonds Offering
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Baidu, Inc. has completed a $2 billion offering of zero-coupon exchangeable bonds due in 2032, aimed at repaying debts and supporting general corporate purposes. The bonds, traded on the Frankfurt Stock Exchange, reflect Baidu's strategy to enhance liquidity and diversify its financial instruments. Baidu is a leading technology company in the Chinese internet market, known for its search engine and AI services. Current market cap stands at HK$258.8B with a year-to-date price performance of 11.55%.
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