Tencent Music plans dollar bond sale to refinance debt, fund buybacks

Tencent Music Entertainment

02/09/2026 02:27

SINGAPORE, Sept 2 (Reuters) - Tencent Music Entertainment Group 1698.HK plans to sell U.S. dollar senior unsecured notes and use the proceeds to refinance offshore debt and repurchase shares, according to a preliminary prospectus supplement dated September 1.
The Chinese music streaming company did not disclose the size, interest rate or maturity dates of the planned two-part bond sale.
The notes will not be backed by specific assets.
Tencent Music had $500 million of 2.0% senior notes due in 2030 outstanding as of June 30, the filing showed.
JPMorgan JPM.N, Goldman Sachs GS.N and HSBC HSBA.L are joint bookrunners of the bond sale. 

 (Reporting by Yantoultra Ngui; Editing by Tom Hogue)
 ((Yantoultra.Ngui@thomsonreuters.com;))