HONG KONG: Tencent Holdings Ltd has raised US$6 bil (RM26 bil) in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020.
The deal was finalised early on Thursday in which Tencent raised US$1 bil in five-year debt, US$2.25 bil in 10-year, US$2 bil in 30-year and US$750 mil in 40-year debt, a term sheet showed.
It was the first time Tencent raised 40-year money in its history.
The transaction was the largest by a non-financial company in the Asian region so far this year, data compiled by Refinitiv showed.
Before the Tencent deal, the biggest was a US$4 bil junk bond by Scenic Journey in January and a US$2.9 bil bond by Sinopec on May 7, the data showed.
Around US$712 bil has been raised by Asia Pacific corporates, not including Tencent’s latest deal, in 2020 which is the strongest start to a year on record, according to Refinitiv data. – May 28, 2020, Reuters
