Tencent raises US$6 billion in huge dollar bond sale
Shenzhen-based Tencent is recovering from a government crackdown on the lucrative game sector last year and saw its plunging fourth-quarter profit miss estimates. – EPA pic, April 4, 2019.
CHINESE internet giant Tencent said today it has raised US$6 billion in the biggest dollar bond sale in Asia this year. The social media and gaming behemoth confirmed the pricing in a filing to the Hong Kong stock exchange today with the biggest 10-year tranche of US$3 billion priced at 3.975%. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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