Financing ·
Tencent Music prices $1B of senior unsecured notes due 2031 and 2036
TCMEFTencent Music Entertainment Group
Tencent Music Entertainment Group announced the pricing of a US$1,000 million public offering of senior unsecured notes on September 4, 2026. The issuance consists of US$500 million in 5.050% notes due 2031 and US$500 million in 5.650% notes due 2036. Net proceeds are expected to be approximately US$991.9 million after deducting underwriting discounts and offering expenses. The company intends to use the funds for general corporate purposes, including refinancing offshore indebtedness and share repurchases. J.P. Morgan Securities LLC, Goldman Sachs (Asia) L.L.C., and HSBC are serving as joint bookrunners. Tencent Music Entertainment Group operates China's leading music and audio entertainment platform.