Baidu Prepares Debt Offering
Baidu, 11/05/12
Chinese internet company Baidu (Nasdaq: BIDU) today announced that it has filed an automatic shelf registration statement on Form F-3 with the United States Securities and Exchange Commission (SEC), and a preliminary prospectus supplement under the registration statement, pursuant to which the company proposes to sell senior notes, which will be issued in two tranches. The company intends to use a portion of the net proceeds from the offering to retire certain existing debt and the remainder for general corporate purposes.
The joint bookrunners of the offering are J.P. Morgan Securities LLC and Goldman Sachs (Asia) L.L.C.
Keywords: debt financing online search Internet Baidu BIDU
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