The company is selling U.S.-dollar denominated notes on the Singapore Exchange in order to fund its $1.9 billion
acquisition of Chinese smartphone applications distributor 91 Wireless Websoft Ltd. last month.
Skadden and Han Kun acted for Baidu last year as well, when it
issued $1.5 billion worth of bonds on the Singapore Exchange.
Davis Polk & Wardwell Hong Kong partner James Lin represented underwriters J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. The firm, which advised Baidu on the 91 Wireless acquisition, also acted for the underwriters on Baidu’s debt offering in Singapore last year.
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