Tencent sets note price
By Ding Yining |
August 30, 2012, Thursday
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Print Edition
Print Edition
TENCENT, China's largest Internet firm by market capitalization, yesterday said it has set the price of a US$600 million note sale as the company boosts investment in sectors such as gaming and e-commerce.
Tencent said it has sealed an agreement with investment banks, including Goldman Sachs, Deutsche Bank, Barclays, Citigroup, Credit Suisse, JPMorgan and ANZ.
The notes will be sold at an interest rate of 3.375 percent, with maturity on March 5, 2018.
The net proceeds of the note sale will be US$594 million.
Tencent said it has sealed an agreement with investment banks, including Goldman Sachs, Deutsche Bank, Barclays, Citigroup, Credit Suisse, JPMorgan and ANZ.
The notes will be sold at an interest rate of 3.375 percent, with maturity on March 5, 2018.
The net proceeds of the note sale will be US$594 million.
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