Tencent is reportedly beginning to promote three types of dim sum bonds.

Tencent Holdings Limited has started promoting its first bond issuance in four years. With the global AI competition becoming increasingly fierce, Tencent has joined the wave of borrowing seen among other Chinese tech companies. According to a source familiar with the matter, the Chinese internet giant is seeking to issue offshore Renminbi-denominated bonds with maturities of 5 years, 10 years, and 30 years, with initial guidance prices of 2.6%, 3%, and 3.6% respectively. The source said pricing could happen as early as Tuesday.