Investing.com - Chinese social media and gaming giant Tencent Holdings Ltd (HK:0700) announced in a statement on Thursday that it has issued bonds worth $6 billion.
The bond sale consists of $2 billion in fixed and floating rate five-year notes, $500 million in seven-year notes, $3 billion in 10-year notes and $500 million in 30-year notes, according to the statement. The sale was Asia’s largest so far in 2019.
Deutsche Bank (DE:DBKGn), HSBC, Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) were joint global coordinators for the sale.
Tencent’s share prices recovered since the beginning of the year after a rough 2018 following the Chinese government’s decision to halt approvals of new video games. The gaming giant reported a 35% year-on-year decline in profit for the last quarter of 2018 as a result of the freeze in approvals.
The government resumed the approval process in December 2018.
Tencent’s shares are now up more than 19% year-to-date. It is currently trading at HK$375 on Thursday, down 0.8%.
On Tuesday, Chinese regulators approved a new batch of games, including a “Game of Thrones” title that Tencent will distribute.