Tencent's multi-term dim sum bonds are expected to be issued as early as tomorrow
Tencent Holdings plans to issue multi-tenor dim sum bonds as early as Tuesday, with maturities of 5, 10, and 30 years. This will be Tencent's first issuance of dim sum bonds and the first bond issuance in any currency since 2021. Tencent has appointed several banks as global joint coordinators and designated other banks as co-bookrunners. Tencent's recently released Q2 2025 financial report shows revenue of 184.5 billion yuan, a year-on-year increase of 15%
According to reports, Tencent Holdings (00700) has appointed multiple banks to arrange its first bond issuance plan in four years. The report mentions that Tencent plans to issue notes denominated in offshore yuan as early as Tuesday (16th), with maturities of 5, 10, and 30 years. It has designated Bank of China (03988) and JP Morgan as the global joint coordinators for this transaction, and appointed other banks such as Bank of Communications (03328) and Morgan Stanley as co-bookrunners.
According to data released by the media, if this issuance is initiated, it will be Tencent's first issuance of dim sum bonds and the first bond issuance in any currency since 2021. Currently, Tencent still has outstanding notes with a total principal amount of USD 17.75 billion.
Recently, Tencent Holdings released its Q2 2025 financial report, showing that the company achieved revenue of CNY 184.5 billion in the quarter, a year-on-year increase of 15%; profit attributable to equity holders was CNY 55.6 billion, a year-on-year increase of 17%; under non-International Financial Reporting Standards, profit attributable to equity holders was CNY 63.1 billion, a year-on-year increase of 10%. From a business segment perspective, the value-added services business continued to perform well, with Q2 revenue reaching CNY 91.4 billion, a year-on-year increase of 16%. Among them, domestic game revenue was CNY 40.4 billion, a year-on-year increase of 17%; international game revenue was CNY 18.8 billion, a significant year-on-year increase of 35%. Social network revenue was CNY 32.2 billion, a year-on-year increase of 6%
