Hong Kong - Baidu $1 Billion Notes Offering.
Legal News & Analysis - Asia Pacific - Hong Kong - Capital Market
15 April, 2020
Davis Polk advised the underwriters on an SEC-registered offering by Baidu, Inc. of its $600 million 3.075% notes due 2025 and $400 million 3.425% notes due 2030.
Baidu, Inc. is a leading search engine, knowledge and information centered Internet platform and AI company. Baidu’s ADSs currently trade on the Nasdaq Global Select Market.
The Davis Polk corporate team included partners James C. Lin and Gerhard Radtke, and registered foreign lawyers Jennifer (Yujia) Jiang and Xiushan Sun. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.