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Market Chatter: Tencent Draws Over $6 Billion in Orders for Dual-Currency Bond Sale

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Tencent Holdings (HKG:0700) attracted more than $6 billion in investor orders for its planned dual-currency bond offering, Reuters reported Tuesday, citing order book updates reviewed by the news agency.

Orders for the Chinese tech giant's offshore yuan bonds exceeded 20.5 billion yuan, while demand for its U.S. dollar bonds surpassed $3 billion, the report said.

Tencent is seeking to raise $4 billion through the offering, Reuters previously reported.

Proceeds will be used for general corporate purposes, including refinancing.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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