Snack bond orders exceed $3 billion; these 10-year RMB bonds are being snapped up like this. The offshore allocation market clearly recognizes Tencent’s credit premium—regulators have approved a quota of 4.5 billion yuan. It looks like they’ll need to keep adding more.

CoinWorld News, Tencent Holdings' offshore RMB and USD dual-currency bonds have attracted enthusiastic subscriptions. According to the latest book data from Reuters, the total subscription orders for their dual-currency bonds have exceeded $6 billion. Among them, the combined orders for the 10-year and 30-year offshore RMB bonds (Dim Sum bonds) have surpassed 20.5 billion RMB (about $3.02 billion), and the subscription interest for the 10-year and 20-year USD bonds has also exceeded $3 billion. Tencent has currently received regulatory approval to issue up to $4.5 billion in offshore debt.