China’s Tencent is raising $6 billion through a bond sale

Tencent, Asia’s largest tech firm, is raising $6 billion after the Hong Kong-listed firm announced a new note sale today.
Tencent last tapped the markets when it raised $5 billion in January 2018. This time around, it is offering a five-tranche bond that is almost in line with reports earlier this week, which speculated that the Chinese giant would look to raise $5 billion. The notes will be issued on April 11, Tencent said.
It isn’t clear how the new capital will be spent — Te