BEIJING, Aug. 18, 2021 /PRNewswire/ -- Baidu, Inc.
(Nasdaq: BIDU; HKEX: 9888) ("Baidu" or the "Company"), a leading AI
company with strong Internet foundation, today announced the
pricing of its public offering of US$1
billion aggregate principal amount of its notes. The public
offering consists of US$300 million
of 1.625% notes due 2027 and US$700
million of 2.375% notes due 2031. The notes have been
registered under the U.S. Securities Act of 1933, as amended, and
are expected to be listed on The Stock Exchange of Hong Kong
The Company expects to receive net proceeds from the offering of
approximately US$0.99 billion,
after deducting underwriting discounts and commissions and
estimated offering expenses. The Company intends to use the net
proceeds from the offering for general corporate purposes,
including repayment of certain existing indebtedness. In addition,
the Company plans to use an equivalent amount of the net proceeds
to finance or refinance, in whole or in part, one or more of its
new or existing Eligible Projects, pursuant to its Sustainable
Finance Framework. This framework will be made available to
investors via Baidu's Corporate ESG website:
The joint bookrunners of the offering are Goldman Sachs
(Asia) L.L.C., BofA Securities,
Inc., J.P. Morgan Securities LLC and China International Capital
Corporation Hong Kong Securities Limited. The co-manager of the
offering is BOCOM International Securities Limited.
The Company has an effective shelf registration statement on
Form F-3 (including a base prospectus) on file with the United
States 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, BofA
Securities, Inc. at 1-800-294-1322, J.P. Morgan Securities LLC
collect at 1-212-834-4533 or China International Capital
Corporation Hong Kong Securities Limited at +852-2872-2000.
This announcement 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.
Founded in 2000, Baidu's mission is to make the complicated
world simpler through technology. Baidu is a leading AI company
with strong Internet foundation, trading on the NASDAQ under "BIDU"
and HKEX under "9888." One Baidu ADS represents eight Class A
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates," "confident," "is/are likely to"
and other similar expressions. Among other things, the description
of the proposed offering in this announcement contains
forward-looking statements. Baidu may also make written or oral
forward-looking statements in its periodic reports to the SEC, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including but not limited to statements about
Baidu's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Baidu's
proposed use of proceeds from the sale of debt securities; its
operations and business prospects, its business and operating
strategies and its ability to implement such strategies, its
ability to develop and manage its operations and business,
competition for, among other things, capital, technology and
skilled personnel, its ability to control costs, its ability to
identify and conduct investments and acquisitions, as well as
integrate acquired target(s), changes to regulatory and operating
conditions in the industry and geographical markets in which we
operate, its dividend policy. Further information regarding these
and other risks is included in Baidu's annual report on Form 20-F,
Form F-3 and other documents filed with the SEC. Baidu does not
undertake an obligation to update any forward-looking statement,
except as required under applicable law. All information provided
in this press release is as of the date of the press release, and
Baidu undertakes no duty to update such information, except as
required under applicable law.
Investors Relations, Baidu, Inc.
SOURCE Baidu, Inc.