Baidu offering two tranches of dollar-denominated senior notes

By Wendy Van Sickle

Columbus, Ohio, March 31 – Baidu, Inc. is offering dual tranches of U.S. dollar-denominated senior notes, the company said in a regulatory filing.

Goldman Sachs (Asia) LLC and BofA Securities Inc. are joint bookrunners for the deal, which is registered with the Securities and Exchange Commission.

Proceeds from the notes will go toward repaying existing debt and for general corporate purposes.

Baidu is a Beijing-based web services company.

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