Tencent applies to sell billions of dollars in bonds globally

Tencent applies to sell billions of dollars in bonds globally

Chinese tech giant Tencent Holdings plans to conduct an international offering of notes under a programme to certain professional investors, the company said in a statement late Monday.

A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen
A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo

HONG KONG: Chinese tech giant Tencent Holdings plans to conduct an international offering of notes under a programme to certain professional investors, the company said in a statement late Monday.

The previously announced programme has a maximum limit of US$20 billion, of which US$12 billion of notes are already outstanding, the company said in a separate statement.

Tencent said it intends to use the proceeds for general corporate purposes.

An Application has been made by the company for listing of programme within 12 months after May 25 by way of debt issues, Tencent added.

(Reporting by Pei Li; Editing by Kim Coghill)

Source: Reuters

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