Tencent completes US$2b bond issue
Technology giant Tencent announced the completion of US$2 billion bond issue on under the company’s US$5 billion medium-term note programme that began in April last year.
Shenzhen-based Tencent said in a filing to the Hong Kong stock exchange that it has applied for the listing of the notes.
Of the total issue, US$1.1 billion will be 2.875 per cent senior notes due 2020 and the other US$900 million will be 3.8 per cent senior notes due 2025, issued to professional investors only.
The “listing of, and permission to deal in, the notes is expected to become effective on 12 February 2015,” according to the company’s filing on Thursday morning.
The latest debt offering by Tencent follows the US$8 billion bond sale by rival Alibaba Group in November.
HSBC forecast Tencent would record total revenue of 98.6 billion yuan (HK$124.1 billion) this year, up from an estimated 78.3 billion yuan last year.
