Baidu Announces Pricing of US$1.5 Billion Notes Offering
BEIJING, June 28, 2017 /PRNewswire/ Baidu, Inc. (NASDAQ: BIDU) (Baidu or the Company), the leading Chinese language
Internet search provider, today announced the pricing of its public offering of US$1.5 billion aggregate principal amount of its notes. The public offering consists of US$900 million of 2.875% notes due 2022 and US$600 million of
3.625% notes due 2027. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on the Singapore Exchange Securities Trading Limited.
The Company expects to receive net proceeds from the offering of approximately US$1.49 billion, after deducting underwriting discounts and commissions
and estimated offering expenses. The Company intends to use the net proceeds from the offering to repay existing indebtedness and for general corporate purposes.
The joint bookrunners of the offering are Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC and The Hongkong and Shanghai Banking Corporation Limited.
The Company has an effective shelf registration statement on Form F-3 (including a base prospectus) on file with
the U.S. Securities and Exchange
Commission (the SEC) and has filed a related preliminary prospectus supplement with the SEC for the offering of the notes. When available, the final prospectus supplement for the offering of the notes
will be filed with the SEC. The offering is being made only by means of the prospectus supplement and accompanying base prospectus. Before you invest, you should read the prospectus supplement and accompanying base prospectus and other documents
that the Company has filed with the SEC for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company or any
underwriter or dealer participating in the offering will arrange to send an investor the prospectus supplement and accompanying base prospectus if the investor makes such request by calling Goldman, Sachs & Co. toll-free at 1-866-471-2526, J.P. Morgan Securities LLC at 1-212-834-4533 or HSBC Securities (USA) Inc. toll-free at
is not an offer of the securities for sale in the United States of America and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities referred to herein have not been and will not be registered under the applicable
securities laws of any jurisdiction outside of the United States of America.
Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complicated world simpler for users and enterprises through
technology. Baidus ADSs trade on the NASDAQ Global Select Market under the symbol BIDU. Currently, ten ADSs represent one Class A ordinary share.