China's leading search engine operator (HKG:9888) plans to offer about 10 billion yuan of bonds offshore, Bloomberg News reported Monday, citing people familiar with the matter.

The bonds will consist of a five-year note with a 2.6% to 2.8% interest and a 10-year security with 2.8% to 3.0% interest, according to the people cited by the news agency. The issue size was increased by at least 4 billion yuan after a recent discussion, Bloomberg reported.

Baidu did not immediately respond to MTNewswires' request for comment.

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