Tencent Holdings (00700.HK) is said to be marketing a $5 billion bond, with most of the proceeds to be used for chip procurement.

Zhito Finance APP has learned that, according to media reports, Tencent Holdings (00700.HK) has begun marketing the issuance of US dollar and offshore RMB bonds. The issuance is expected to raise approximately US$5 billion to support its growing investments in the artificial intelligence (AI) sector, with most of the AI investment expected to be used for chip procurement. The aforementioned bonds are expected to be priced as early as October 13.