--- title: "Tencent Music Raises US$500 Million in A-Rated 2031 Bond Offering" type: "News" locale: "en" url: "https://longbridge.com/en/news/297966757.md" description: "Tencent Music Entertainment Group has issued US$500 million in senior unsecured notes due in 2031, rated in the A range. The 5.050% notes, priced at 99.804% of face value with a yield of 5.095%, aim to diversify funding and strengthen the balance sheet. Joint bookrunners include J.P. Morgan, Goldman Sachs, and HSBC. This move supports the company's digital music operations in China, while analysts maintain a 'Buy' rating on the stock." datetime: "2026-09-03T22:54:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297966757.md) - [en](https://longbridge.com/en/news/297966757.md) - [zh-HK](https://longbridge.com/zh-HK/news/297966757.md) generator: "portal-rs" --- # Tencent Music Raises US$500 Million in A-Rated 2031 Bond Offering An announcement from Tencent Music Entertainment Group Class A ( (HK:1698) ) is now available. Tencent Music Entertainment Group has moved to tap the international debt markets with a new US$500 million senior unsecured notes issuance, further diversifying its funding base as it scales its digital music and entertainment operations in China. The 5.050% notes, due in 2031 and registered with the U.S. Securities and Exchange Commission, are rated in the A range by major agencies, will be listed in Hong Kong subject to approval, and feature standard institutional terms including semi-annual interest payments and issuer-friendly redemption options, underscoring solid credit quality and broad underwriting support from global banks. The offering’s pricing at 99.804% of face value with a yield to maturity of 5.095% and a 60-basis-point spread over comparable U.S. Treasuries reflects investor appetite for Tencent Music’s credit and provides the company with relatively efficient long-dated funding. Backed by joint bookrunners such as J.P. Morgan, Goldman Sachs and HSBC, the transaction is likely to strengthen Tencent Music’s balance sheet and financial flexibility, reinforcing its position in the competitive online entertainment industry and offering bond investors exposure to a major Chinese digital media issuer. The most recent analyst rating on (HK:1698) stock is a Buy with a HK$46.00 price target. To see the full list of analyst forecasts on Tencent Music Entertainment Group Class A stock, see the HK:1698 Stock Forecast page. **More about Tencent Music Entertainment Group Class A** Tencent Music Entertainment Group is a leading online music entertainment platform operating in China, offering streaming, social entertainment and related digital music services. Listed in both Hong Kong and New York, the company taps global capital markets to support its growth in the digital media and entertainment sector. **Average Trading Volume:** 1,816,061 **Technical Sentiment Signal:** Sell **Current Market Cap:** HK$100.1B ### Related Stocks - [TME.US](https://longbridge.com/en/quote/TME.US.md) - [01698.HK](https://longbridge.com/en/quote/01698.HK.md) - [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md) - [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md) - [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) - [HSBH.US](https://longbridge.com/en/quote/HSBH.US.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) ## Related News & Research - [Tencent Music publishes prospectus for USD 1 billion notes offering](https://longbridge.com/en/news/298677669.md) - [California State Teachers Retirement System Buys 3,322,573 Shares of Park National Co. $PRK](https://longbridge.com/en/news/299010513.md) - [Goldman Sachs CEO David Solomon: We Are Doing Better Than Our Target To Grow Our Asset Wealth Management Business At High Single Digits](https://longbridge.com/en/news/299221602.md) - [HSBC taps U.S. markets with £750m 2035 senior notes](https://longbridge.com/en/news/298843794.md) - [Engineers Gate Manager LP Trims Holdings in The Goldman Sachs Group, Inc. $GS](https://longbridge.com/en/news/298886236.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**