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Tencent Launches $5 Billion Bond Issuance to Fund AI Expenditures
1 week ago /
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Author：小编
Tencent Holdings has initiated the issuance of US dollar and offshore RMB bonds, with an expected fundraising amount of approximately $5 billion to support its ongoing investments in the field of artificial intelligence. According to sources familiar with the matter, Tencent plans to issue 10-year and 20-year US dollar bonds, with initial pricing guidance set approximately 115 and 140 basis points above comparable US Treasuries, respectively. Simultaneously, the company is also promoting 10-year and 30-year offshore RMB bonds, with pricing guidance around 2.9% and 3.5%, respectively. These bonds could be priced as early as Tuesday.
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