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The Economic Times
The Economic Times
Technology

Tencent sells dollar, dim sum bonds amid AI spending spree

Tencent Artificial Intelligence Bonds Chinese Yuan Tencent Holdings US Dollar HSBC JPMorgan Moody S&P

Tencent Holdings is selling US dollar and offshore Chinese yuan, or dim sum, bonds in a deal that could raise at least $4.5 billion as the Chinese technology giant seeks funding amid higher spending on artificial intelligence.

The sale comprises 10-year and 20-year US dollar notes and 10-year and 30-year offshore yuan notes, according to term sheets seen by Reuters on Tuesday, which did not specify the size of any tranche.

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