Tencent seeks 4 billion dollars in dual currency bond sale
Tencent Holdings is launching a dual-currency bond offering to raise approximately 4 billion dollars for general corporate purposes. The internet giant is targeting both 10 and 20 year US dollar notes alongside 10 and 30 year offshore yuan tranches.
Insights:
Tencent Holdings is seeking to raise $4 billion through a dual-currency bond sale involving United States dollars and offshore yuan. The offering marks the first dollar-denominated debt issuance for the internet leader since it raised $4.15 billion in April 2021. The sale follows a return to global debt markets in September when Tencent raised 9 billion yuan ($1.3 billion) via offshore notes.
