Baidu, Inc. $1.25 Billion Notes Offering
Davis Polk advised the joint bookrunners and representatives of the underwriters on an SEC-registered offering by Baidu, Inc. of $750 million aggregate principal amount of its 3.000% notes due 2020 and $500 million aggregate principal amount of its 4.125% notes due 2025.
Baidu is the leading Chinese-language Internet search provider. Baidu’s ADSs currently trade on the NASDAQ Global Select Market.
The Davis Polk corporate team included partner James C. Lin and associates Tae-Hun Kim and Yiyu (Sam) Huang. Partner John D. Paton, counsel Alon Gurfinkel and associate Nicholas A. Machen provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.
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