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Tencent's $5B bond sale

Published 01/12/2018, 08:36 AM
Updated 01/12/2018, 08:36 AM
© Reuters.  Tencent's $5B bond sale
  • Tencent (OTCPK:TCEHY, OTCPK:TCTZF) issued $5B in bonds this week, its first major bond sale in nearly three years. The sale drew $40B in orders.
  • The sale included 5-, 10-, and 20-year fixed- and floating rate bonds priced to yield 2.99%, 3.6%, and 3.93%, respectively, according to a term sheet seen by the FT.
  • Peer Alibaba (NYSE:BABA) sold $7B worth of bonds in November with $41B in orders.
  • Previously: Mega demand for Alibaba bond sale (Nov. 30, 2017)
  • Now read: Alibaba: My Valuation Of The Stock, Buy Rating Re-Affirmed


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