China’s Tencent has started marketing its first bond sale in four years, joining other tech groups raising renminbi debt as they race to fund aggressive AI expansion plans.
Tencent, which runs Chinese superapp WeChat and operates the world’s biggest video game business, said on Tuesday it was planning to issue three tranches of so-called dim sum bonds. It did not specify the size.
JPMorgan, BofA Securities and Morgan Stanley will be arrangers under the proposed issuance.
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