Tencent Music Entertainment Group Announces US$1,000 Million Senior Unsecured Notes Offering

SHENZHEN, China, Sept. 3, 2026 /CourierPR/ -- Tencent Music Entertainment Group (TME) has announced the pricing of a US$1,000 million senior unsecured notes offering, marking its latest financial move in a dynamic market. The company plans to issue US$500 million worth of 5.050% notes due 2031 and another US$500 million of 5.650% notes due 2036. These notes have been registered under the U.S. Securities Act of 1933 and are expected to be listed on the Stock Exchange of Hong Kong Limited.

TME anticipates receiving approximately US$991.9 million in net proceeds from the offering, after accounting for underwriting discounts and estimated offering expenses. The company intends to use these funds for general corporate purposes, including refinancing existing offshore debt and repurchasing shares. The joint bookrunners for the offering are J.P. Morgan Securities LLC, Goldman Sachs (Asia) L.L.C., and The Hongkong and Shanghai Banking Corporation Limited. UBS AG Hong Kong Branch, Bank of China Limited, and MUFG Securities Asia Limited serve as the joint lead managers.

Tencent Music Entertainment Group, the leading all-in-one music and audio entertainment platform in China, operates popular music apps such as QQ Music, Kugou Music, Kuwo Music, WeSing, and Ximalaya. The company's mission is to create endless possibilities with music and technology, leveraging its content-and-platform dual-engine strategy to extend the value of IP into offline concerts, artist merchandise, and other IP-centric experiences.

According to the SEC, the offering is being made only by means of the prospectus supplement and accompanying base prospectus. Investors are encouraged to read these documents and any other filings made by the company for complete information. The SEC website, EDGAR, offers these documents free of charge, and investors can also request them directly from the underwriters.

The press release notes that this announcement is not an offer for sale in the United States and should not be considered an offer to sell or a solicitation to buy these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification. The securities referred to in the release have not been registered under the applicable securities laws of any jurisdiction outside the United States.

The company's forward-looking statements include risks and uncertainties, and actual results may differ from those projected. Investors are advised to review the company's filings with the SEC and the HKEX for a detailed understanding of potential risks.