--- 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 - [HSBC CEO warns the AI boom won’t make every data center a good bet](https://longbridge.com/en/news/302405541.md) - [HSBC CEO: Middle East opportunity remains 'very clear' despite conflict](https://longbridge.com/en/news/302383587.md) - [HSBC turns to 'embedded AI' to counter business-focused fintechs](https://longbridge.com/en/news/302455465.md) - [REG - HSBC Bank plc - Admission to Trading](https://longbridge.com/en/news/302686005.md) - [DBS favours Chinese banks; flags HSBC as long-term buy](https://longbridge.com/en/news/302619347.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**