Financing ·
Tencent Music closes $1B offering of senior unsecured notes due 2031 and 2036
TMETencent Music Entertainment Group
Tencent Music Entertainment Group closed a public offering of US$1,000 million in aggregate principal amount of senior unsecured notes on September 11, 2026. The issuance consists of US$500 million of 5.050% notes due 2031 and US$500 million of 5.650% notes due 2036. Net proceeds were approximately US$991.9 million after deducting underwriting discounts, commissions, and estimated offering expenses. The company intends to use the net proceeds for general corporate purposes, including refinancing offshore indebtedness and share repurchases. Tencent Music Entertainment Group operates as the leading all-in-one music and audio entertainment platform in China.