Reported about 4 hours ago
Tencent Holdings Ltd. has commenced its first bond sale since 2021, aiming to issue offshore yuan-denominated notes with maturities of five, ten, and thirty years. The initiative comes as Chinese tech companies increase borrowing amid rising competition in the global AI field. If successful, this will mark Tencent's inaugural sale of dim sum notes, contributing to its existing $17.75 billion in outstanding securities. The funds raised are intended for general corporate purposes.
Source: YAHOO