Tencent nails $4.15bn bond

By Morgan Davis
16 Apr 2021

Chinese technology giant Tencent Holdings raised $4.15bn from four tranches of long-dated bonds this week, overcoming weak market sentiment to push ahead with its deal.

The transaction was split between a $500m 10 year bond, a $900m 20 year note, a $1.75bn 30 year portion and a $1bn 40 year tranche.

Tencent announced its 144A/Reg S trade on Tuesday and was expected to launch the transaction on Wednesday. But it held ...

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