TENCENT MUSIC-SW (01698.HK): Completes USD 1 Billion Notes Offering, Netting About USD 991.9 Million

NewTimeSpace News: On 11 September 2026, Tencent Music Entertainment Group (stock code: 01698) announced that on 10 September 2026, US Eastern Time, it completed the public offering of USD 1,000 million in aggregate principal amount of senior unsecured notes, comprising USD 500 million of 5.050% notes due 2031 and USD 500 million of 5.650% notes due 2036. The notes were registered under the US Securities Act of 1933 and are expected to be listed on the Stock Exchange on 11 September 2026.

After deducting underwriting discounts and commissions and estimated offering expenses, the company received net proceeds of about USD 991.9 million, to be used for general corporate purposes including refinancing of offshore debt and share repurchases. The joint book-running managers are J.P. Morgan Securities LLC, Goldman Sachs (Asia) L.L.C. and The Hongkong and Shanghai Banking Corporation Limited, and the joint lead managers are UBS AG Hong Kong Branch, Bank of China Limited and MUFG Securities Asia Limited.

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