Institutional investors are showing strong interest in Tencent Holding’s upcoming $5 billion bond, which could well be the biggest offshore US dollar bond issued in Asia excluding Japan this year.
The $5 billion bond offering from the Chinese social media and gaming giant will eclipse China Evergrande Group’s $3 billion bond sale in January.
Marketing took place on Tuesday and Wednesday, April 2 and 3, when the joint global coordinators made calls to fixed income investors in financial institutions in Asia, Europe and the US.
Tencent also issued $5 billion of bonds in January last year, in a deal that...
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