A number of people familiar with the matter revealed that Tencent Music Entertainment Group, a subsidiary of Tencent, is considering issuing US dollar bonds to raise no more than 1 billion US dollars. This will be the first time in six years that the company has issued offshore bonds. Another person familiar with the matter said that Tencent Music has hired banks to arrange the issuance of 5-year and/or 10-year bonds, which may start as early as Thursday. Tencent Music is listed in New York and Hong Kong, providing a Spotify-like music streaming service. People familiar with the matter said the company is scheduled to hold a series of conference calls with global fixed income investors on Wednesday afternoon, and release details may be adjusted according to market conditions.

A number of people familiar with the matter revealed that Tencent Music Entertainment Group, a subsidiary of Tencent, is considering issuing US dollar bonds to raise no more than 1 billion US dollars. This will be the first time in six years that the company has issued offshore bonds. Another person familiar with the matter said that Tencent Music has hired banks to arrange the issuance of 5-year and/or 10-year bonds, which may start as early as Thursday. Tencent Music is listed in New York and Hong Kong, providing a Spotify-like music streaming service. People familiar with the matter said the company is scheduled to hold a series of conference calls with global fixed income investors on Wednesday afternoon, and release details may be adjusted according to market conditions.