Bond Tencent Global 0% ( US88032XAP96 ) in USD

Issuer Tencent Global
Market price 100 %  ▼ 
Country  China
ISIN code  US88032XAP96 ( in USD )
Interest rate 0%
Maturity 11/04/2024 - Bond has expired



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Minimal amount 200 000 USD
Total amount 750 000 000 USD
Cusip 88032XAP9
Standard & Poor's ( S&P ) rating A+ ( Upper medium grade - Investment-grade )
Moody's rating A1 ( Upper medium grade - Investment-grade )
Detailed description Tencent Holdings is a multinational technology conglomerate headquartered in Shenzhen, China, focusing on entertainment, social media, artificial intelligence, and other technology services.

A notable debt instrument, identified by ISIN US88032XAP96 and CUSIP 88032XAP9, issued by the prominent Chinese technology conglomerate Tencent Holdings, has successfully reached its maturity and been fully redeemed. This USD-denominated obligation, originally issued from China, carried a total issuance size of $750,000,000, with a minimum purchase threshold set at $200,000. Although structured with a 0% stated interest rate and a biannual payment frequency, indicative of a potential zero-coupon or specific structured note, the bond has concluded its lifecycle, being repaid at 100% of its principal value upon its maturity date of April 11, 2024. Tencent Holdings, the issuer, stands as a global powerhouse in the technology and entertainment sectors, based in China and widely recognized for its diverse portfolio encompassing the ubiquitous messaging and social media platforms WeChat and QQ, a vast array of leading video games including Honor of Kings and PUBG Mobile, as well as significant ventures in cloud computing, fintech, and artificial intelligence; its expansive digital ecosystem and formidable financial strength underscore its position as one of the world's most valuable and influential corporations. Reflecting its robust financial health and operational stability, this specific bond had garnered strong investment-grade ratings from leading credit agencies, with Standard & Poor's assigning an A+ rating and Moody's providing an A1 rating, which further reinforced investor confidence in Tencent Holdings' capacity to meet its financial commitments, and the successful redemption of this bond on its due date serves as a clear demonstration of the issuer's consistent financial discipline and commitment to its bondholders.