Baidu plans to issue new debt undisclosed claims

Baidu plans to issue new debt undisclosed claims
On April 1, Beijing time, Baidu submitted a document to the US Securities and Exchange Commission (SEC), announcing that the company intends to issue bonds. The underwriters are Goldman Sachs and Bank of America, but the bond size and interest rate have not been fulfilled.Baidu said the proceeds from the bond issue will be used to repay some of its existing debt and the company ‘s general use.Baidu disclosed the title in the bond issuance statement. The company’s 2019 revenue is 107.4 billion yuan (about 15.4 billion US dollars), an annual increase of 5%, and operating profit is 6.3 billion yuan (about 9).US $ 0.6 billion), a 59% decrease each year.As of December 31, 2019, Baidu held cash, cash equivalents, cash and short-term investments totaling 147.4 billion yuan (approximately $ 21.2 billion).At an internal meeting of the antiques company earlier, Baidu founder Li Yanhong said that all employees will be raised this year, and the year-end bonus may be increased by half a month.He said that Baidu has sufficient book funds, with book funds reaching 130 billion.Editor Xu Chao proofreading Chen Diyan