Tencent raises $6b

CHINESE internet giant Tencent said yesterday it had raised $6 billion in the biggest dollar bond sale in Asia this year.

The social media and gaming behemoth confirmed the pricing in a filing to the Hong Kong stock exchange with the biggest 10-year tranche of $3 billion priced at 3.975 per cent.

Tencent also sold a fiveyear tranche of $2 billion in fixed and floating rate, $500 million in seven-year notes, and $500 million in 30year notes.

The dollar bond offering marks the biggest sale in Asia excluding Japan so far this year, according to data compiled by Bloomberg News.