Digest
Featured
Latest
Tags

Summary

Original article

Tencent seeks US$6 billion in bond sale as protests hit Hong Kong

May 27, 2020 | 🚀 Fathership
HONG KONG: Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as riot police fired pepper spray to disperse protesters in the city's central business district.

Protests have returned to the streets of Chinese-ruled Hong Kong after Beijing proposed national security laws aimed at tackling secession, subversion and terrorist activities.

Hong Kong-listed Tencent will finalise its bond deal in New York later on Wednesday, two sources said.

A book message sent to investors by the lead banks, seen by Reuters, showed there were US$10 billion worth of orders from investors in the early afternoon in Hong Kong.

The deal is being led in Hong Kong by Bank of America, HSBC and Morgan Stanley.