Tencent opens $4bn bond sale amid China debt market turmoil


Source: asiapedia.net asiapedia.net

Key Topics in this News Article:

News Snapshot:

Tencent Holdings and 33 other internet companies were told Tuesday to rectify their behavior in light of the $2.8 billion fine given to Alibaba. © Reuters NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent April 15, 2021 14:57 JST | China Copy Copied HONG KONG -- Tencent Holdings is seeking up to $4 billion from bond investors even as default worries centered on a Chinese state company have shaken Asia's credit markets. Chinese technology conglomerate Tencent, known for its WeChat messaging platform and mobile games, has set price guidance for the bond offering and may finalize terms as early...