Tencent Music to Issue $1 Billion in Notes
Tencent Music Entertainment, the music arm of Tencent Music Entertainment, has priced a $1 billion senior unsecured notes offering, with $500 million in 5.05% notes due 2031 and 5.65% notes due 2031, with $500 million in 5.05% notes due 2031 and 5.65% due 2031, with a 5.05% notes due 2031 and 5.65% notes due 2031, respectively.
Tencent Music Entertainment has priced a $1 billion senior unsecured notes offering, split into two tranches of $500 million each. The first tranche carries a coupon of 5.05% and matures in 2031, while the second tranche carries a coupon of 5.65% and matures in 2036. The notes are senior unsecured obligations of the company. Proceeds from the offering are expected to be used for general corporate purposes, including potential acquisitions and investments, as well as working capital. The offering is subject to customary closing conditions.