Baidu lists ¥4.4bn senior notes on Hong Kong exchange

Baidu, Inc. has officially announced the listing of ¥4.4 billion aggregate principal amount of 1.90% senior unsecured notes due 2029 on The Stock Exchange of Hong Kong Limited, with the debt stock code 85063. The listing and permission to deal in these notes are expected to become effective on September 16, 2025.

The offering, which raised ¥4.4 billion, was completed via offshore transactions outside the United States to certain non-U.S. persons in reliance on Regulation S under the Securities Act of 1933. The company intends to utilize the net proceeds from this offering for general corporate purposes, including the repayment of existing indebtedness and payment of interest.

The notes have not been and will not be registered under the Securities Act or any state securities laws, and this announcement does not constitute an offer to sell or a solicitation of an offer to purchase any securities. The board of directors, as of September 15, 2025, includes Robin Yanhong Li, who serves as chairman of the board and chief executive officer, alongside independent directors James Ding, Yuanqing Yang, Jixun Foo, Sandy Ran Xu, and Xiaodan Liu.