Tencent prices US$1.8b and 26b yuan notes under MTN programme
Tencent has priced US$1.8 billion in US dollar notes and 26 billion yuan in yuan-denominated notes under its global medium-term note programme. Proceeds will go towards general corporate purposes, with the notes due between 2036 and 2056 and listed on the Hong Kong Stock Exchange.
Tencent (0700) said on Wednesday it had priced US$1.8 billion (HK$14.04 billion) of US dollar notes and 26 billion yuan (HK$30.49 billion) of yuan-denominated notes under its global medium-term note (MTN) programme.
The technology giant said the proceeds, after fees and commissions, were expected to total about US$1.79 billion and 25.89 billion yuan, respectively, and would be used for general corporate purposes.
The offering comprises US$1.3 billion of notes due in 2036 carrying a 6.1 per cent coupon and US$500 million of notes due in 2046 carrying a 6.75 per cent coupon.
Tencent also priced 20 billion yuan of notes due in 2036 with a 2.40 per cent coupon and 6 billion yuan of notes due in 2056 with a 3 per cent coupon.
The notes are expected to be issued on October 21, and Tencent intends to list them on the Hong Kong Stock Exchange.
The debt sale follows Tencent's announcement earlier this week that it planned to issue notes under its MTN programme.