Tencent attracts huge demand for $600 million bond

An order book of close to $6.3 billion allows the Chinese internet giant to price at a negative new issue premium.
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Photo: Imaginechina</div>
<div style="text-align: left;"> Photo: Imaginechina</div>

Less than nine months after it issued its maiden dollar bond, Chinese internet portal operator and mobile value-added services provider Tencent Holdings was back in the market on Tuesday, taking advantage of the sharp narrowing of bond spreads since its previous deal. This allowed the company to raise funding at very attractive levels, observers said.

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