Tencent Music Entertainment Group Announces Closing of US$1,000 Million Notes Offering

Tencent Music (TME) raised $1 billion in senior notes, netting $991.9 million. Proceeds will refinance offshore debt and fund share buybacks. The notes have coupons of 5.050% (2031) and 5.650% (2036). TME has 800 million active users and 120 million paying subscribers, with a 56% market share in China's streaming sector. The notes will list on the Hong Kong Stock Exchange on September 11, 2026.

Tencent Music (TME) reported Q2 revenue of RMB14.119B, up 11.5% YoY, but net profit fell 31.9% YoY. The company raised US$992M via senior notes, with tranches priced at 5.05% and 5.65% due in 2031 and 2036, respectively.

Tencent Music has priced a $1 billion bond offering, increasing its total borrowings to 13 billion yuan. The company's bonds are currently trading at 8.285 USD, with a 5-day change of +1.04%.

Tencent Music Entertainment Group (TME) announced a US$1,000 million notes offering, split into $500 million of 5.050% notes due 2031 and $500 million of 5.650% notes due 2036. The company expects net proceeds of approximately $991.9 million, to be used for general corporate purposes, including refinancing and share repurchases. The notes are expected to be listed on the Hong Kong Stock Exchange.

Tencent Music Entertainment Group launched a US dollar bond sale with five- and 10-year senior unsecured notes. Initial price guidance is about 90 basis points over the five-year US Treasury yield and 125 basis points over the 10-year Treasury yield. The deal is expected to be at least US$500 million and will be used for general corporate purposes, including refinancing offshore debt and share repurchases. The deal is expected to price during US trading hours on Thursday and settle on Sept 10. M

Tencent Music (TME, 1698) plans a senior unsecured notes offering, with proceeds for corporate purposes, including refinancing and share buybacks. J.P. Morgan, Goldman Sachs, and others are joint bookrunners. The notes will be listed in Hong Kong.