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Broadband

Tencent raises CNY 600 mln in international debt offering

Wednesday 7 December 2011 | 14:47 CET | News
Chinese internet and mobile VAS provider Tencent has completed its sale of CNY 600 million worth of five-year US dollar-denominated bonds in an international debt offering. The company said the bonds due in 2016 were not secured by any of its assets. These senior unsecured notes bear an interest rate per year of 4.625 percent and are listed on the Singapore Exchange Securities Trading. Funds took 65 percent of the offering, banks 21 percent, retail investors 8 percent, and insurers and central banks 6 percent. Tencent said net proceeds from the notes offering would be used for general

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Categories: Internet / Mobile & Wireless
Companies: Tencent
Countries: China
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