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Baidu raises offshore debt at record-low rates to bankroll its AI ambitions
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Baidu raises offshore debt at record-low rates to bankroll its AI ambitions
On September 8, Baidu announced plans to issue RMB-denominated senior unsecured notes through an offshore offering outside the US. Proceeds will go toward general corporate purposes, including debt repayment, interest payments, and other funding needs. Investors responded positively. Baidu’s Hong Kong-listed shares climbed as much as 12.7% during the day before closing 9.5% higher.…Visit Website
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