Tencent aims to raise US$1bil

If successful, it would be Tencent’s first-ever sale of dim sum notes and its first bond offering in any currency since April 2021. — Reuters

BEIJING: Tencent Holdings Ltd is considering raising about eight billion yuan (US$1.1bil) in its first bond sale in four years, according to sources. 

Based on investor feedback so far, the yields for the Chinese Internet giant’s three-tranche offshore yuan bonds could tighten some 40 basis points to 50 basis points, the sources said.