Tencent is considering issuing up to $5 billion in offshore bonds to secure additional funding for its AI investments.
47 minutes ago
According to Bloomberg, sources familiar with the matter disclosed that Tencent Holdings is considering issuing up to $5 billion in offshore bonds, joining the wave of debt financing by tech companies to meet artificial intelligence (AI) demands. The bonds may be denominated in U.S. dollars and offshore renminbi, with a possible issuance as early as this month. This move comes as global tech giants take on large-scale debt to fund AI infrastructure. Earlier, Alphabet, Google’s parent, has issued $25 billion in U.S. dollar bonds and launched its first Australian dollar bond; Meta, Microsoft, and Amazon are also expected to follow up with equity or convertible bond financing. Morgan Stanley forecasts that global AI-related bond issuance will reach nearly $570 billion in 2026, more than doubling from last year.
Donald Trump to purchase up to $25 million worth of Meta stock by the end of August.
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