Chinese tech giant Baidu (BIDU) (HK:9888) seeks to raise $2 billion from the issuance of exchangeable bonds that are convertible into the

Baidu (BIDU) announced the pricing of its $2B in aggregate principal amount of exchangeable bonds due 2032. The bonds will reference ordinary

(NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that it proposes to offer up to US$2 billion in aggregate principal amount of exchangeable bonds due 2032 (the "Bonds") in offshore transactions outside the United States to non-U.