Strong demand for Tencent’s $5b bond

The rarity value of an offshore bond issue from a large Chinese internet services firm has led to strong investor demand for the $5 billion paper, especially at the long end.
Tencent offers WeChat, one of the most widely used social media platforms in China
Tencent offers WeChat, one of the most widely used social media platforms in China
April 03, 2019

Institutional investors are showing strong interest in Tencent Holding’s upcoming $5 billion bond, which could well be the biggest offshore US dollar bond issued in Asia excluding Japan this year.

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