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Tencent raises $8.3bn with its biggest ever loan


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The deal comes amid a flurry of debt financings by tech giants.
By Apple Lam and Zheping Huang, Bloomberg
19 Feb 2021 
10:07 
Image: Yan Cong/Bloomberg
Tencent, the creator of the messaging platform WeChat, has raised $8.3 billion in the biggest offshore syndicated loan in Asia for a Chinese firm since 2016.
Twelve banks joined the Tencent financing deal, which initially had a $6 billion size, according to people familiar with the matter. The loan will be used for general corporate purposes, the people said, asking not to be identified as they aren’t authorised to speak publicly. Representatives for Tencent didn’t immediately respond to requests for comment. IFR Asia earlier reported on the deal closing. ....

Alibaba Group Holding Ltd , Ant Group Co , Baidu Inc , Alibaba Group Holding , Music Group International Ltd , China National Chemical Corp , Universal Music Group International , Chinese Internet , China National Chemical , Ant Group , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , எறும்பு குழு இணை , பைடு இன்க் , அலிபாபா குழு வைத்திருத்தல் , இசை குழு சர்வதேச லிமிடெட் , சீனா தேசிய இரசாயன கார்ப் , உலகளாவிய இசை குழு சர்வதேச , சீன இணையதளம் , சீனா தேசிய இரசாயன , எறும்பு குழு ,

Tencent Raises $8.3 Billion in Offshore Syndicated Loan


Tencent Raises $8.3 Billion in Offshore Syndicated Loan
Apple Lam, Bloomberg News
The Tencent Holding Ltd. logo at the company s Tencent Binhai Mansion in Shenzhen, China, on Thursday, Nov. 19, 2020.
, Yan Cong/Bloomberg
(Bloomberg) Tencent Holdings Ltd., the creator of the messaging platform WeChat, has raised $8.3 billion in the biggest offshore syndicated loan in Asia for a Chinese firm since 2016.
Twelve banks joined the Tencent financing deal, which initially had a $6 billion size, according to people familiar with the matter. The loan will be used for general corporate purposes, the people said, asking not to be identified as they aren’t authorized to speak publicly. Representatives for Tencent didn’t immediately respond to requests for comment. IFR Asia earlier reported on the deal closing. ....

Alibaba Group Holding Ltd , Baidu Inc , Bloomberg Tencent Holdings Ltd , Music Group International Ltd , China National Chemical Corp , Holdings Ltd , Universal Music Group International , China National Chemical , Alibaba Group Holding , Chinese Internet , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , பைடு இன்க் , இசை குழு சர்வதேச லிமிடெட் , சீனா தேசிய இரசாயன கார்ப் , ஹோல்டிங்ஸ் லிமிடெட் , உலகளாவிய இசை குழு சர்வதேச , சீனா தேசிய இரசாயன , அலிபாபா குழு வைத்திருத்தல் , சீன இணையதளம் ,