Tencent considers up to $5 billion offshore bond sale for AI

Tencent is reportedly considering an offshore bond sale of up to $5 billion in US dollars and offshore yuan, possibly as early as this month, according to Bloomberg.

The move follows its $4.66 billion bond offering in June, its largest debt deal since 2020, with proceeds earmarked for general corporate purposes including AI development.

The post notes that major tech firms are increasingly turning to debt to fund AI infrastructure spending beyond their existing cash flows.