Tencent weighs $5B bond sale to fund AI expansion: report
Nikada
- Tencent (TCEHY) is said to be considering an offshore bond sale of as much as $5B, adding to the wave of tech companies seeking debt financing as artificial intelligence needs grow.
- The notes could be denominated in dollars and offshore yuan, and the sale may come as early as this month, Bloomberg reported.
- The move follows Tencent's (TCEHY) $4.66B bond offering in June, its largest debt deal since 2020.
- Last month, Japanese technology investment conglomerate SoftBank Group (SFTBY) raised about $11.1B through a corporate junk-bond offering to fund its AI plans.
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