Economic Information Daily, October 14 - Tencent (00700) is currently down 2%, trading at HK$416.6, marking its second consecutive day of decline with a cumulative drop of 2.2%. The stock has traded approximately 1.55 million shares, involving HK$648 million.
Tencent Holdings announced that on October 13 (New York time), it entered into subscription agreements for the issuance of notes with an aggregate principal amount of $1.8 billion and RMB 26 billion. The notes are expected to be issued on October 21 (New York time) and listed on the Hong Kong Stock Exchange, with a total issuance amount of nearly $5.7 billion. This bond issuance is one of the largest offshore bond offerings by Chinese enterprises this year, and the RMB 26 billion dim sum bond issuance sets a new market record. Tencent only completed a $4.7 billion bond issuance in June this year, and this issuance will be Tencent's largest offshore bond offering since 2020. It is reported that Tencent attracted investor subscriptions totaling over $23 billion, four times the final issuance size.
The U.S. dollar notes are divided into two tranches: one with a principal amount of $1.3 billion maturing in October 2036, carrying an annual interest rate of 6.1%, and offered at 99.859% of the aggregate principal amount; the other with a principal amount of $500 million maturing in October 2046, carrying an annual interest rate of 6.75%, and offered at 99.88% of the aggregate principal amount.
Currently, the Hang Seng Index stands at 24,128, down 216 points or 0.9%, with turnover of nearly HK$8.8 billion on the main board. The Hang Seng China Enterprises Index is at 8,096, down 78 points or 1%. The Hang Seng Tech Index is at 4,099, down 36 points or 0.9%. (hc)
Tencent Holdings announced that on October 13 (New York time), it entered into subscription agreements for the issuance of notes with an aggregate principal amount of $1.8 billion and RMB 26 billion. The notes are expected to be issued on October 21 (New York time) and listed on the Hong Kong Stock Exchange, with a total issuance amount of nearly $5.7 billion. This bond issuance is one of the largest offshore bond offerings by Chinese enterprises this year, and the RMB 26 billion dim sum bond issuance sets a new market record. Tencent only completed a $4.7 billion bond issuance in June this year, and this issuance will be Tencent's largest offshore bond offering since 2020. It is reported that Tencent attracted investor subscriptions totaling over $23 billion, four times the final issuance size.
The U.S. dollar notes are divided into two tranches: one with a principal amount of $1.3 billion maturing in October 2036, carrying an annual interest rate of 6.1%, and offered at 99.859% of the aggregate principal amount; the other with a principal amount of $500 million maturing in October 2046, carrying an annual interest rate of 6.75%, and offered at 99.88% of the aggregate principal amount.
Currently, the Hang Seng Index stands at 24,128, down 216 points or 0.9%, with turnover of nearly HK$8.8 billion on the main board. The Hang Seng China Enterprises Index is at 8,096, down 78 points or 1%. The Hang Seng Tech Index is at 4,099, down 36 points or 0.9%. (hc)
