Tencent launches a bond issuance of approximately 5 billion USD for artificial intelligence investment

According to Bloomberg, Tencent Holdings has begun marketing dollar and offshore renminbi bonds, with an issuance scale of approximately 5 billion dollars, and the funds will be used to support its artificial intelligence investments.

According to informed sources, the preliminary price guidance for the proposed 10-year and 20-year dollar bonds is approximately 115 basis points and 140 basis points above comparable U.S. Treasury yields, respectively. The guidance for the concurrently marketed 10-year and 30-year offshore renminbi notes is approximately 2.9% and 3.5%, respectively.