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Tencent Mulls Up to $5 Billion Offshore Bond Sale to Fund AI Push
Tencent is considering raising up to $5 billion via an offshore bond sale in US dollars and yuan to fund AI and computing infrastructure, Bloomberg reported.
Why it matters
Tencent is tapping debt markets again to fund its AI buildout, joining a wave of global tech giants borrowing to pay for computing infrastructure. The deal would be one of Asia's largest corporate bond sales this year.
Full report
Tencent is considering raising up to $5 billion through an offshore bond sale, Bloomberg News reported on Thursday, as the Chinese tech giant ramps up spending on AI and computing infrastructure.
The bonds could be issued in US dollars and offshore yuan, with a sale potentially happening as early as this month, the report said, citing people familiar with the matter.
The move follows Tencent's $4.66 billion bond offering in June — its largest debt deal since 2020 — whose proceeds went to general corporate purposes including AI development.
The fundraising comes as global tech firms tap debt markets to finance AI investments: last month, SoftBank Group raised about $11.1 billion through a corporate junk-bond offering to fund its AI plans. Tencent did not immediately respond to a request for comment.
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