<p>Chinese internet and social media giant Tencent Holdings Ltd plans to raise up to $4 billion in a bond launched on Thursday, two sources with direct knowledge of the matter said.</p>.<p>The deal has been launched with 10-, 20-, 30- and 40-year tranches, according to a term sheet reviewed by Reuters.</p>.<p>The deal sheet did not specify an exact figure but sources said the company was targeting to raise $4 billion from the issue, which would be its second major fundraising deal in a year.</p>.<p>Tencent did not immediately respond to a request for comment.</p>.<p>The company has approval from the National Development and Reform Commission (NDRC) to raise up to $4.15 billion, one of the sources added.</p>.<p>The sources could not be named as the information has not yet been made public.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/tencent-backed-waterdrop-faces-pushback-on-ipo-from-chinese-regulators-973753.html" target="_blank">Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators</a></strong></p>.<p>Tencent raised $6 billion in May last year and issued 40-year debt for the first time.</p>.<p>The company intends to use proceeds from capital raisings for general corporate purposes.</p>.<p>Price guidance for the 10-year tranche is around US 10-year Treasuries plus 165 basis points and the 20-year at US 20-year Treasuries plus 175 basis points, according to the term sheet.</p>.<p>Price guidance for the 30- and 40-year tranches has been set at 185 basis points and 195 basis points, respectively, against the long term benchmark rate, the sheet showed.</p>.<p>Final terms and pricing are due to be set for the Hong Kong listed Tencent later on Thursday during US trading hours, the two sources said. </p>
<p>Chinese internet and social media giant Tencent Holdings Ltd plans to raise up to $4 billion in a bond launched on Thursday, two sources with direct knowledge of the matter said.</p>.<p>The deal has been launched with 10-, 20-, 30- and 40-year tranches, according to a term sheet reviewed by Reuters.</p>.<p>The deal sheet did not specify an exact figure but sources said the company was targeting to raise $4 billion from the issue, which would be its second major fundraising deal in a year.</p>.<p>Tencent did not immediately respond to a request for comment.</p>.<p>The company has approval from the National Development and Reform Commission (NDRC) to raise up to $4.15 billion, one of the sources added.</p>.<p>The sources could not be named as the information has not yet been made public.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/business/tencent-backed-waterdrop-faces-pushback-on-ipo-from-chinese-regulators-973753.html" target="_blank">Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators</a></strong></p>.<p>Tencent raised $6 billion in May last year and issued 40-year debt for the first time.</p>.<p>The company intends to use proceeds from capital raisings for general corporate purposes.</p>.<p>Price guidance for the 10-year tranche is around US 10-year Treasuries plus 165 basis points and the 20-year at US 20-year Treasuries plus 175 basis points, according to the term sheet.</p>.<p>Price guidance for the 30- and 40-year tranches has been set at 185 basis points and 195 basis points, respectively, against the long term benchmark rate, the sheet showed.</p>.<p>Final terms and pricing are due to be set for the Hong Kong listed Tencent later on Thursday during US trading hours, the two sources said. </p>