Tencent Holdings is considering an offshore bond sale to raise $5 billion as it looks to meet funding needs tied to the expansion of its artificial intelligence business, according to Bloomberg. People familiar with the matter said the planned deal could be denominated in U.S. dollars and offshore yuan, and could come as early as this month. The people asked not to be identified because the discussions are private. The report said the proposal remains under discussion, and the final size and timing of any offering have not been determined.
Tencent Holdings is considering an offshore bond sale to raise $5 billion to support funding needs created by the expansion of its artificial intelligence business, according to Bloomberg.
People familiar with the matter said the bonds could be denominated in U.S. dollars and offshore yuan, with a deal possible as early as this month. The people requested anonymity because the discussions have not been made public.
The fundraising plan remains under discussion, and the final size and timing of any issuance have not been decided, the report said.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
