Tencent Music Unveils $1 Billion Notes Offering, Targeting Approximately $992 Million in Net Proceeds

Stock News09-04 06:44

TME-SW (01698) has announced a public offering of senior unsecured notes with a total principal amount of $1 billion, according to a company statement released on September 3, 2026 (Eastern Time). The offering is structured in two tranches: $500 million in notes bearing a coupon rate of 5.050% due in 2031, and an additional $500 million in notes with a 5.650% coupon maturing in 2036.

These notes are registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on The Stock Exchange of Hong Kong Limited. The company anticipates closing the offering on or around September 10, 2026 (Eastern Time), subject to customary closing conditions.

After deducting underwriting discounts, commissions, and estimated offering expenses, Tencent Music expects to realize net proceeds of approximately $992 million from the sale. The company plans to allocate these funds for general corporate purposes, which may include refinancing existing offshore debt and funding share buyback initiatives.

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