Protest Hit Hong Kong as Tencent Seeks $6 Billion in Their Bond Sale

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Tencent is a giant company that is a part-owner in some very popular games. For example, PlayerUnknown’s Battlegrounds, Fortnite, and more. They also create and own many other video games. Besides this, they provide multiple and different services. They are one of the biggest social media companies. The company’s headquarters is in Shenzhen, China. Also, they have many offices across the world including the U.S., China, and many other countries.

This Wednesday, they launched a sale of their bonds which were worth $6 Billion. The riots began and Tencent started to sell their bonds even in that situation.

Biggest International Sale From Asia by Tencent

According to some reports, the tech giant Tencent’s sale of their bonds is not just the biggest in Asia. Instead, this sale which worth around $6 billion is actually the biggest one offered by any Asian Company. Besides this, it is going to be the gaming company’s first very long debt. After calculating, the amount of bonds offered will put the company with a long debt of around 40 years.

Tencent and the Hong Kong protests

Beijing proposed natural security laws, recently. These affect the secession, terrorist activities, and subversion. Also, this happened to tackle these situations and issues. However, people are protesting against it. In Hong Kong, people went on to the streets to go against it.

The police tried pepper spray on the protesters. The protestors are going against the new government rule. In this, if people do not respect the Chinese national anthem, it will be considered as illegal.

About the Tencent Bond Sale

The sale will be completed soon. According to some reports, Tencent’s quota for the bond sale had a maximum limit of $6 billion. This information is not confirmed by the tech giant, itself.

After Reuters saw the term sheet, they stated that the company is offering these bonds with different maturity periods. For example, the maturity periods are five-year, ten-year, thirty and forty-year long. Also, the amount of orders by the investors has reached somewhere around $10 billion. The company is yet to confirm how big this deal is. However, we can assure you that it is very big.

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