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Baidu ups bank loan to USD 2 bln - report

2016-06-03 09:40:00| Telecompaper Headlines

(Telecompaper) Baidu has upped the size of its USD 1 billion five-year loan to USD 2 billion, Bloomberg reported, citing people familiar with the matter. The company received commitments from 21 banks for the facility, the sources said. Baidu announced the USD 1 billion loan in April, saying it would put the money to general corporate purposes. No comment was immediately available.

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