Tencent Holdings To Hold Bond Investor Meetings In Asia, Europe, US - Source
23 November 2011 - 2:31AM
Dow Jones News
Tencent Holdings Ltd. (0700.HK), one of China's largest Web
companies, is planning to hold meetings with bond investors in
Asia, Europe and the U.S., a person familiar with the matter said
Wednesday.
The Shenzhen-based company said earlier this month that it
intended to conduct an international offering of senior notes to
institutional investors.
It plans to use the net proceeds for general corporate purposes,
including working capital, replacing some of its existing
short-term borrowings and potential strategic acquisitions.
Deutsche Bank and Goldman Sachs are joint global coordinators;
Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC are joint
bookrunners and lead managers; and Barclays Capital and Citi are
co-managers on the proposed deal.
-By Natasha Brereton-Fukui, Dow Jones Newswires; +65-6415-4044;
natasha.brereton-fukui@dowjones.com
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