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Tencent mulls $5 billion bond sale to push AI ambitions, Bloomberg News reports

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Tencent mulls $5 billion bond sale to push AI ambitions, Bloomberg News reports

Business News Tech AI Tencent mulls $5 billion bond sale to push AI ambitions, Bloomberg News reports

Tencent mulls $5 billion bond sale to push AI ambitions, Bloomberg News reports

Tencent is exploring the possibility of raising as much as $5 billion through an offshore bond sale this month. This potential move comes on the heels of Tencent's earlier bond offering of $4.66 billion in June, aimed at supporting corporate objectives, largely in AI development. Meanwhile, other tech giants are also engaging with debt markets to fuel their AI ambitions, echoing SoftBank Group's noteworthy $11.

Tencent is considering raising up to $5 billion via an offshore bond sale, Bloomberg News reported on Thursday, as the Chinese technology giant ramps up spending on AI and computing infrastructure in line with its peers. Here are the details: The bonds could be issued in US dollars and offshore yuan, with a sale potentially happening early this month, the report said, citing people familiar with the matter.

66 billion bond offering in June, its largest debt deal since 2020. Proceeds from the June issuance were used for general corporate purposes, including AI development. News of this potential fundraising comes as global tech companies tap debt markets to finance AI-related investments and infrastructure, despite growing concerns regarding the sector's stability. 1 billion through a corporate junk-bond offering to fund its AI plans. Tencent did not immediately respond to a Reuters request for comment.



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