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Baidu to raise $1.4b from offshore yuan bonds
Baidu Inc, a leading Chinese technology company, is set to issue offshore bonds totaling approximately 10 billion yuan (US$1.4 billion).
This marks Baidu’s first bond issuance since 2021 and includes a five-year note with expected yields of 2.6% to 2.8%, and a ten-year note yielding 2.8% to 3.0%.
The bond size has increased from an initial 4 billion yuan (US$550 million), with pricing expected to be finalized Mar. 5, ahead of a 4.3 billion yuan (US$600 million) debt repayment.
This financing surge aligns with China’s AI boom, as Baidu invest heavily in AI development.
Recent Baidu developments
| Timeline |
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27-Feb-2025 🤖 Baidu’s streaming platform launches DeepSeek-powered chatbot
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19-Feb-2025 📉 Baidu’s Q4 revenue falls 2% as ad dip offsets AI cloud gains
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17-Feb-2025 📉 Baidu shares plunge as founder misses tech summit with Xi Jinping
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13-Feb-2025 🤖 Baidu to offer AI chatbot free for all users starting April
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13-Feb-2025 🚖 Baidu plans to launch self-driving taxis in Dubai: sources
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