Tencent’s Big Dollar Bond Sale

Tense has announced a four-part bond offering with tenors of 5, 7, 10, and 30 years, marking its first 30-year bond. The company aims to raise significant funds to retire existing debts and support corporate expansion. With $20 billion in cash, Tense plans to use $3 billion from the proceeds for debt retirement and the rest for general purposes. The favorable market conditions, including low IG spreads, make it an opportune time for this issuance.

What are the different tenors mentioned for the bond offering?

What is the purpose of the $3 billion proceeds mentioned in the text?

How is the company planning to use the funds raised from the bond offering?

What investments has the company been making to expand its core business?

What market conditions are described as favorable for raising money?