trending Market Intelligence /marketintelligence/en/news-insights/trending/rSlpf6hHr84-S_YMVw9MLA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Baidu's streaming platform iQIYI proposes US$1.05B convertible notes offering

Industries Most and Least Impacted by COVID-19 from a Probability of Default Perspective – March 2020 Update

Entertainment Promos Take Center Stage Amid Coronavirus Lockdowns

Gauging Supply Chain Risk In Volatile Times

Internet Traffic Spikes By One Third In March

Baidu's streaming platform iQIYI proposes US$1.05B convertible notes offering

Chinese video streaming service iQIYI Inc. is looking to raise US$1.05 billion by offering convertible notes.

The Baidu Inc.-owned platform said March 25 that the notes will be senior, unsecured obligations of the company. The bonds will mature April 1, 2025, unless repurchased, redeemed or converted in accordance with their terms prior to such date.

The company plans to use part of the net proceeds to pay costs of capped call transactions and use the remainder to expand and enhance its content offerings, strengthen its technologies, as well as for working capital and other general corporate purposes.

The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the notes.