Tencent Holdings Ltd has raised US$6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian ...
Tencent Holdings Ltd has raised US$6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020.
FILE PHOTO: A Tencent sign is seen at the World Internet Conference in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly SongHONG KONG: Tencent Holdings Ltd has raised US$6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020.
The deal was finalised early on Thursday in which Tencent raised US$1 billion in five-year debt, US$2.25 billion in 10-year, US$2 billion in 30-year and US$750 million in 40-year debt, a term sheet showed.The transaction was the largest by a non-financial company in the Asian region so far this year, data compiled by Refinitiv showed.
Before the Tencent deal, the biggest was a US$4 billion junk bond by Scenic Journey in January and a US$2.9 billion bond by Sinopec on May 7, the data showed. Around US$712 billion has been raised by Asia Pacific corporates, not including Tencent's latest deal, in 2020 which is the strongest start to a year on record, according to Refinitiv data.
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