Tencent downloads jumbo $2.5bn dual trancher
Tencent printed the largest ever dollar bond for an Asian technology company on Tuesday night with a $2.5bn three and five year dual tranche transaction that attracted an orderbook that was more than five times subscribed. A ratings bump since its last outing ensured the issuer got a good response from the US and allowed it price comfortable inside its curve.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts