Hong Kong, 10 June 2026 – Tencent Holdings Limited (“Tencent”) has completed the pricing of US-dollar- and renminbi-denominated senior notes with a combined face value of US$2.45 billion and CNY15.00 billion under its Global Medium Term Note (GMTN) Programme.
Key transaction details • Structure: Four senior unsecured tranches, all to be issued on 16 June 2026. – 2036 USD Notes: US$1.75 billion, 5.00% coupon, priced at 99.689%, maturity 16 June 2036. – 2046 USD Notes: US$0.70 billion, 5.60% coupon, priced at 99.571%, maturity 16 June 2046. – 2036 CNY Notes: CNY11.00 billion, 2.50% coupon, priced at par, maturity 16 June 2036. – 2056 CNY Notes: CNY4.00 billion, 3.10% coupon, priced at par, maturity 16 June 2056.
• Net proceeds: Approximately US$2.43 billion and CNY14.94 billion after fees and expenses.
• Use of proceeds: General corporate purposes, including refinancing.
• Listing: Tencent intends to list all tranches on The Stock Exchange of Hong Kong Limited.
• Capital structure impact: Post-issuance, outstanding notes under the GMTN Programme will rise to about US$22.18 billion.
• Ranking: The notes are senior unsecured obligations, ranking pari passu with Tencent’s other unsubordinated, unsecured debt and junior only to secured liabilities.
• Governing law: English law.
The USD tranches will be offered in the United States exclusively to qualified institutional buyers under Rule 144A and, together with the CNY tranches, to non-U.S. persons under Regulation S. No public offering will be made in Hong Kong, the United States or other jurisdictions.