Tencent Music Plans Up to $1 Billion Offshore Bond Issue, First in Six Years
Tencent Music is considering issuing offshore US dollar bonds of up to $1 billion (approximately HK$7.8 billion), marking its first such issuance in six years. The proceeds will be used for general corporate purposes, including refinancing offshore debt and share buybacks. The company currently has $500 million in bonds maturing in 2030.
Tencent Music is considering issuing US dollar bonds with a total size of up to $1 billion (approximately HK$7.8 billion). If finalized, this would mark the company's first offshore bond issuance in six years.
The company plans to use the proceeds from the proposed bond issuance for general corporate purposes, including refinancing offshore debt and share repurchases. Public data shows that Tencent Music currently has $500 million in bonds maturing in 2030.