Chinese internet and social media giant Tencent Holdings Ltd on Friday said it has raised US$4.15 billion in its second major bond deal in less than a year.
The company in a statement said it raised US$500 million in a 10 year tranche, US$900 million in 20 year debt, US$1.75 billion in 30 year and US$1 billion in 40 year debt.
Pricing was set at 25 basis points to 35 basis points inside the initial price guidance delivered to potential investors when the deal was launched on Thursday.
The 10 year tranche was priced at 130 basis points and the 20 was set at 150 basis points above US Treasuries.
Pricing for the 30-year tranche was 155 basis points and the 40-year was 165 basis points above the benchmark lending rate for those bonds.
Tencent had approval from the National Development and Reform Commission (NDRC) to raise up to US$4.15 billion, meaning the final deal size was set in line with its quota.
The company raised US$6 billion in May last year, when it also issued 40-year debt for the first time.
Tencent said it intends to use proceeds from the capital raising for general corporate purposes.