Tencent raises $6b in largest Asian corporate debt deal this year

Logos of Tencent are displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu

Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it raised $6 billion in a U.S. dollar bond sale – the largest debt deal by an Asian corporate in 2020.

The deal was finalised early on Thursday in which Tencent, raised $1 billion in five-year debt, $2.25 billion in 10-year, $2 billion in 30-year and $750 million in 40-year debt, a term sheet showed.

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