Tencent sells Asia’s largest tech bond

Strong US investor interest enabled Tencent to raise $2.5 billion from its dual-tranche bond, the largest in Asia ex-Japan from the tech space.

Chien Mi Wong

April 23, 2014

Tencent priced a $2.5 billion dual-tranche bond early in Asia's morning on Wednesday, the largest ever tech bond from Asia ex-Japan, buoyed by strong US investor interest that caused books to swell up to $13 billion before the announcement of its final price guidance.

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