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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