Baidu Bond Offering To Add $1.24B To War Chest

By | June 24, 2015

Scalper1 News

Chinese Internet search leader Baidu (BIDU) is adding more than $1 billion to its war chest as the company spends-to-grow in the competitive China Internet market. Baidu expects to receive $1.24 billion, after costs, from its upcoming bond offering, the company announced late Tuesday. The public offering consists of $750 million of 3% notes due in 2020, the company said, along with $500 million of 4.125% notes due in 2025. The notes are to be Scalper1 News

Scalper1 News