Chinese giant Tencent recently announced raising 6 billion dollars via bond sales.
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The Chinese giant Tencent, officially named Tencent Holdings Limited, well known for apps such as WeChat or for publishing videogames in China such as PUBG and “Monster Hunter: World”, has recently announced raising 6 billion dollars via bond sales. These include:
- 750 million dollars at an annual floating rate of 0.91% over 3-month USD LIBOR
- 1.25 billion dollars at an annual fixed rate of 3.28%, with both this one and the precedent maturity after 5 years, on April 11th, 2024
- 500 million dollars at an annual fixed rate of 3.575%, maturity after 7 years, on April 11th, 2026
- 3 billion dollars at an annual fixed rate of 3.975%, maturity after 10 years, on April 11th, 2029
- 500 million dollars at an annual fixed rate of 4.525%, maturity after 30 years, on April 11th, 2049.
Tencent’s sale is the largest one in Asia so far this year, although the company did not specify what the money was going to be used for, only specifying that it would be used for “refinancing and general corporate purposes”.
This is the second time in about a year that the company issues bonds in US dollars, already bringing in 5 billion dollars in January of 2018.
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