Tencent Sells USD6 Billion Medium Term Notes
Dou Shicong
DATE:  Apr 04 2019
/ SOURCE:  yicai

(Yicai Global) April 4 -- Tencent Holdings has sold another USD6 billion in medium-term notes after the Chinese tech giant increased the maximum limit for the programme to USD20 billion from USD10 billion.

The addition, to be issued on the Hong Kong Stock Exchange on April 11, brings total unpaid notes to USD15.5 billion, the Shenzhen-based company said in a statement.

The money will be used for general corporate purposes. Tencent increased its Global Medium Term Note Programme limit to USD20 billion for the 12 months following April 1, 2019, to support the move.

The firm's stocks [HKG:0700] opened at HKD376 (USD56) today and were 0.37 percent higher at HKD379.40 as of 9.45 a.m., after they hit an eight-month high yesterday.

Editor: William Clegg

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Keywords:   Tencent,Medium-Term Notes