Chinese tech giant Tencent plans $5 billion bond sale: sources

HONG KONG - China’s Tencent Holdings Ltd is returning to the market with a U.S. dollar bond that could raise about $5 billion, two people with direct knowledge of the matter said.

Tencent has a $6 billion offshore issuance quota from China’s state planner, the National Development and Reform Commission , the people said, declining to be identified as they were not authorized to speak publicly on the matter. Asked for comment on Tuesday regarding the size of the sale, Tencent said it does not comment on market speculation.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aramco Plans $10 Billion Bond, Opening Books for First TimeSaudi Aramco plans to issue a $10 billion bond to help fund its acquisition of a majority stake in Saudi Arabia's petrochemicals firm, shedding a light on the financial performance of the world’s largest oil company for the first time the greed of the super rich
Source: WSJ - 🏆 98. / 63 Read more »

Software tycoon Mike Lynch shoots back at 'floundering' HP during its $5 billion fraud trialMike Lynch's lawyers painted HP as a company in the doldrums before its Autonomy acquisition.
Source: BusinessInsider - 🏆 729. / 51 Read more »