Tencent Music scores smash hit with $800m bond debut, builds $13bn book

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Tencent Music scores smash hit with $800m bond debut, builds $13bn book

A kraken block trade! Tencent's sea monster of a deal
Guilherand-Granges, France - November 04, 2019. Apple Iphone 8 with logo of instant messenger QQ. | Simon Lehmann/PhotoGranary - stock.adobe.com

Tencent Music Entertainment Group (TME) attracted nearly $13bn of orders for its offshore bond debut this week. The company’s solid credit profile and backing from its parent helped win over investors. Morgan Davis reports.

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