Tencent raises $6 bn funding through bond sales
Shenzhen-based internet giant Tencent raises USD 6 billion in the bond sale. This is one of the biggest money collection through bond sales in Asia this year.
Tencent confirmed this news in a filing to the Hong Kong stock exchange on Thursday with the biggest 10-year tranche of USD 3 billion priced at 3.975 percent.
The social media giant in china also sold a five-year tranche of USD 2 billion in fixed and floating rate, USD 500 million in seven-year notes, and USD 500 million in 30-year notes.
The dollar bond offering marks the biggest sale in Asia excluding Japan so far this year, according to data compiled by Bloomberg News, when sources tipped the offering to raise around USD 5 billion earlier this week.
"The market is keenly anticipating Tencent's jumbo offering given the ...