business / news / / Reuters
The internet and gaming giant returned to global debt markets last year.
Tencent will issue new dollar and offshore yuan bonds as part of its $30 billion MTN program.
KEY POINTS
- The upcoming dollar bonds will have 10- and 20-year maturities; yuan bonds will have 10- and 30-year terms.
- The notes are expected to be rated A1 by Moody's, A+ by S&P, and A by Fitch.
- S&P forecasts Tencent will maintain a net cash position over the next two years.
- Tencent last issued a dollar bond in April 2021 and an offshore yuan bond in September 2023.
COMPANIES
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