Chicago, May 27 – Tencent Holdings Ltd. priced $6 billion of notes in four tranches (A1/A+/A+), according to an announcement from the company.
Tencent priced $1 billion of 1.81% notes due Jan. 26, 2026 at 99.988, $2.25 billion of 2.39% notes due June 3, 2030 at 99.973, $2 billion of 3.24% notes due June 3, 2050 at 99.943 and $750 million of 3.29% notes due June 3, 2060 at 99.934.
BofA Securities Inc., HSBC Ltd. and Morgan Stanley & Co. International plc and Goldman Sachs (Asia) LLC were the joint global coordinators.
Joining them were Bank of China (Hong Kong) Ltd., Mizuho Securities Asia Ltd., Barclays, Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, ICBC (Asia) Ltd., J.P. Morgan Securities plc and SPDB International Capital Ltd. as the managers for the issue.
Proceeds will be used for refinancing and general corporate purposes.
The notes were sold under Tencent’s medium-term note program.
The company priced an additional $6 billion of notes in five tranches as recently as April 3. After the new issue settles on June, the company will have $18 billion outstanding under its program.
Tencent is an investment holding company based in Shenzhen, China.
| Issuer: | Tencent Holdings Ltd.
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| Issue: | Notes
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| Amount: | $6 billion
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| Joint global coordinators: | BofA Securities Inc., HSBC Ltd., Morgan Stanley & Co. International plc, Goldman Sachs (Asia) LLC
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| Managers: | BofA Securities Inc., HSBC Ltd., Morgan Stanley & Co. International plc, Goldman Sachs (Asia) LLC, Bank of China (Hong Kong) Ltd., Mizuho Securities Asia Ltd., Barclays, Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, ICBC (Asia) Ltd., J.P. Morgan Securities plc and SPDB International Capital Ltd.
|
| Trustee: | DB Trustees (Hong Kong) Ltd.
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| Ratings: | Moody’s: A1
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| S&P: A+
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| Fitch: A+
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| Pricing date: | May 27
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| Settlement: | June 3
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| Distribution: | Rule 144A, Regulation S
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|
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| 2026 notes
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| Amount: | $1 billion
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| Maturity: | Jan. 26, 2026
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| Coupon: | 1.81%
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| Price: | 99.988
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|
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| 2030 notes
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| Amount: | $2.25 billion
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| Maturity: | June 3, 2030
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| Coupon: | 2.39%
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| Price: | 99.973
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| 2050 notes
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| Amount: | $2 billion
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| Maturity: | June 3, 2050
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| Coupon: | 3.24%
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| Price: | 99.943
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|
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| 2060 notes
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| Amount: | $750 million
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| Maturity: | June 3, 2060
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| Coupon: | 3.29%
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| Price: | 99.934
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