Tencent Music prices USD 1 billion senior unsecured notes offering - TME News | RalliesTencent Music prices USD 1 billion senior unsecured notes offering
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TME• Tencent Music prices $1 billion senior unsecured notes
- Tencent Music priced a $1 billion public offering of senior unsecured notes.
- Deal split into $500 million 5.05% notes due 2031; $500 million 5.65% notes due 2036.
- Net proceeds seen at about $991.9 million.
- Funds earmarked for general corporate purposes, including refinancing offshore debt; share repurchases.