New Issue: Tencent prices $5 billion notes in four tranches due 2023, 2028, 2038

New York, Jan. 11 – Tencent Holdings Ltd. priced $5 billion of notes in four tranches (A2/A+/A+), according to an announcement from the company.

Tencent priced $500 million of floating-rate notes due 2023 at par with a coupon of Libor plus 60.5 basis points, $1 billion of 2.985% notes due 2023 at a price of 99.986, $2.5 billion of 3.595% notes due 2028 at 99.975 and $1 billion of 3.925% notes due 2038 at 99.959.

Deutsche Bank, Bank of America Merrill Lynch and HSBC were joint global coordinators

The notes were sold under Tencent’s medium-term note program.

Tencent is an investment holding company based in Shenzhen, China.

Issuer:	Tencent Holdings Ltd.
Issue:	Notes
Amount:	$5 billion
Managers:	Deutsche Bank, Bank of America Merrill Lynch, HSBC (global coordinators), Bank of China, ANZ, BNP Paribas, China Merchants Securities (HK), Credit Suisse, Goldman Sachs (Asia) LLC, J.P. Morgan, Mizuho Securities, Morgan Stanley, MUFG and Shanghai Pudong Development Bank Hong Kong Branch
Ratings:	Moody’s: A2
	S&P: A+
	Fitch: A+
Pricing date:	Jan. 11
Settlement:	Jan. 19
Distribution:	Rule 144A, Regulation S
Five-year floating-rate notes
Amount:	$500 million
Maturity:	Jan. 19, 2023
Coupon:	Libor plus 60.5 bps
Price:	Par
Five-year fixed-rate notes
Amount:	$1 billion
Maturity:	Jan. 19, 2023
Coupon:	2.985%
Price:	99.986
Ten-year notes
Amount:	$2.5 billion
Maturity:	Jan. 19, 2028
Coupon:	3.595%
Price:	99.975
Twenty-year notes
Amount:	$1 billion
Maturity:	Jan. 19, 2038
Coupon:	3.925%
Price:	99.959

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