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General

Tencent prices USD 6 bln bond offering

Thursday 4 April 2019 | 14:13 CET | News
Tencent has priced its offering of USD 6 billion worth of notes. The company said it intends to use the money raised to refinance, with the rest going towards general corporate purposes. Tencent CFO John Lo noted that the company has a strong balance sheet and a significant cash position. Going forward, it will continue to exercise financial discipline focus on maintaining the right balance between capex, investments and returns.

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Categories: General
Companies: Tencent
Countries: World
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