Tencent Borrows $6 Billion in Largest 2019 Asia Dollar Bond
- Chinese internet giant to use $3 billion to retire debt
- 10-year bond yields 1.45 percentage points over Treasuries
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Tencent Holdings Ltd. sold a $6 billion, five-tranche dollar bond, making it the biggest dollar offering in Asia so far this year.
The WeChat operator priced the largest class of the offering, a $3 billion 10-year bond, at 1.45 percentage points more than the current 10-year Treasury, according to people familiar with the matter. The offering drew about $25 billion in orders from investors, the people said.