Tencent reigns supreme with $2bn bond
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Tencent reigns supreme with $2bn bond


Chinese tech firm Tencent Holdings made its eagerly anticipated return to the dollar bond market on February 4 with a $2bn dual tranche offering that drew a frantic response from investors. That resulted in an 8.5 times covered book, which the issuer was able to leverage to price inside its rival Alibaba.

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