Baidu, Inc. Class A ( (HK:9888) ) just unveiled an update.
Baidu, Inc. announced the pricing of its CNY10 billion senior unsecured notes offering, consisting of CNY7.5 billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035. The company plans to use the proceeds for general corporate purposes, including debt repayment and interest payments. This move is expected to enhance Baidu’s financial flexibility and support its growth strategies in the competitive Chinese internet market.
More about Baidu, Inc. Class A
Baidu, Inc. is a leading Chinese technology company primarily operating in the internet services and artificial intelligence sectors. It is known for its search engine services and has a significant presence in the Chinese internet search and newsfeed market. The company is incorporated in the Cayman Islands and its shares are listed on the Nasdaq in the United States and the Hong Kong Stock Exchange.
YTD Price Performance: 2.48%
Average Trading Volume: 12,711,208
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$237.7B
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