Chinese Tech Giant Tencent Issues Billions in Bonds

Practically free, untethered cash? Sure, why not.

Acquisitive Chinese tech giant Tencent has turned to the roaring bond market in a big way, issuing $5 billion in total of 5-, 10- and 20-year bonds this week, its first such sale since 2015. Recent fear-mongering about overpriced markets hasn’t deterred it and its tech peers—fellow Chinese giant Alibaba issued bonds worth $7 billion in November. And why should it, since money remains, for all intents and purposes, so cheap and easy.

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