Report: Tencent plans to raise about 8 billion yuan through the first issuance of dessert bonds.

According to sources familiar with the matter, Tencent Holdings Limited is considering raising approximately 8 billion yuan through its first bond issuance in four years. Based on feedback from investors so far, the yields of the company's three types of offshore renminbi bonds may tighten by around 40-50 basis points. If achieved, the yield of Tencent's 5-year bond would be around 2.1%-2.2%. This would be slightly lower than the yield of similar maturity bonds held by traders in peer companies.