Tencent Prepares $3 Billion Dual-Currency Bond Sale After Winning $4.5 Billion Offshore Debt Approval
Updated
Updated · Bloomberg · Jun 8
Tencent Prepares $3 Billion Dual-Currency Bond Sale After Winning $4.5 Billion Offshore Debt Approval
3 articles · Updated · Bloomberg · Jun 8
Summary
$3 billion is the target size for Tencent's planned dual-currency bond offering, with pricing possible as early as Tuesday, according to people familiar with the matter.
The sale would include both dollar and yuan bonds, giving the Chinese technology and gaming group access to multiple pools of funding.
$4.5 billion is the offshore debt quota Tencent has already secured from regulators, though company managers indicated on a Monday roadshow that it may not use the full amount now.