Sources say that Tencent
aims to raise USD 4 billion from a bond deal, which would be its second major fundraising deal in a year. According to a term sheet that could be viewed, the contract was issued with 10/20/30/40-year tranches, though it did not give an exact figure for the deal. Tencent raised USD 6 billion last May and issued a 40-year bond for the first time. The company intends to use the proceeds from the capital increase for general corporate purposes.
This briefing is contributed by and first appeared on CIMK.