Jingtian & Gongcheng Advises Baidu on its USD 1.5 Billion Bond Issuance
Date:2017-08-17

Baidu Inc. (“Baidu”, Stock Code: BIDU) successfully issued US$ 1.5 billion bonds on Singapore Stock Exchange on July 6, 2017, including US$ 900 million (2.87% coupon) maturing in 2022, and US$ 600 million (3.625% coupon) maturing in 2027.

 

Baidu is the leading Chinese search engine in the world, as well as the largest Chinese website. Baidu focuses on technological innovation and strives to make breakthroughs in core internet technologies and talents cultivations. It leads the world in terms of searching, AI, cloud computing, big data, etc. Currently, Baidu’s AI technologies have already been applied in Baidu products so as to benefit millions of netizens.

 

Jingtian & Gongcheng is the PRC legal counsel of the underwriters to provide comprehensive legal services. This also marks the fifth time that Jingtian & Gongcheng assists Baidu to issue bonds abroad.

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