FILE PHOTO: A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song
HONG KONG (Reuters) – Tencent Holdings Ltd (
The deal was finalised early on Thursday in which Tencent raised $1 billion in five-year debt, $2.25 billion in 10-year, $2 billion in 30-year and $750 million in 40-year debt, a term sheet showed.
It was the first time Tencent raised 40-year money in its history.
The transaction was the largest by a non-financial company in the Asian region so far this year, data compiled by Refinitiv showed.
Before the Tencent deal, the biggest was a $4 billion junk bond by Scenic Journey in January and a $2.9 billion bond by Sinopec on May 7, the data showed.
Around $712 billion has been raised by Asia Pacific corporates, not including Tencent’s latest deal, in 2020 which is the strongest start to a year on record, according to Refinitiv data.
Reporting by Scott Murdoch; Editing by Muralikumar Anantharaman