Bond Factsheet
TENCNT 3.000% 21Oct2056 Corp (CNH)
Tencent Holdings Limited
Indicative
Full Lot
Bid Price 99.892
Change in Bid Price 0.016
Bid Yield (%) 3.005 %
Change in Bid Yield
-
Ask Price 100.075
Change in Ask Price
-
Ask Yield (%) 2.996 %
Change in Ask Yield
-
Indicative price as of 16 Oct 2026, 4:05pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Tencent Holdings Limited
Guarantor
-
Announcement Date
13 Oct 2026
Issue Date
21 Oct 2026
Maturity Date
21 Oct 2056
Years to Maturity / Next Call
30.026 / 29.525
Modified Duration
19.405 @ 16 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.000
Coupon Type
Fixed
Annual Coupon Rate
3.000
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
HK0001363065
CUSIP
DR8803220
Bond Currency
CNH
Total Issue Size
6,000,000,000
Min. Investment Quantity (Nominal)
CNH 1,000,000
Incremental Quantity (Nominal)
CNH 10,000
Bond Type
Corporate
Bond Sector
Information Technology
Bond Sub Sector
Software
Issuer Credit Rating (S&P/ Fitch)
***/ A
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
HKEX
Issuer Call
6-month par call prior to maturity
Make Whole Call
In the case of an Optional Redemption Date (Call) prior to [TBD](the date that is six months prior to the Maturity Date for the Notes), the greater of (x) 100 per cent. of the principal amount of the Notes to be redeemed and (y) the “make-whole amount”, which means the amount determined by us on the fifth Business Day before the an Optional Redemption Date (Call) equal to the sum of (i) the present value of the principal amount of the applicable Notes to be redeemed, assuming a scheduled repayment thereof on the stated maturity date, plus (ii) the present value of the remaining scheduled payments of interest on such Notes to and including the stated maturity date (exclusive of interest accrued to the an Optional Redemption Date (Call)), in each case discounted to the an Optional Redemption Date (Call) on an annual basis (Actual/Actual (ICMA)) at the Comparable Government Bond Rate plus [ TBD ] basis points, and in each of cases (x) and (y), plus accrued and unpaid interest, if any, to, but not including, the Optional Redemption Date (Call), provided that the principal amount of any series of the applicable Notes that remain outstanding after redemption in part shall be CNY1,000,000 or an integral multiple of CNY10,000 in excess thereof;
Make-whole call;
Change Control Put
If a Triggering Event occurs, unless the Issuer has exercised its right to redeem the Notes under Condition 10(b) (Redemption for tax reasons) or Condition 10(c) (Redemption at the option of the Issuer), it will be required to make an offer to repurchase all or, at the Noteholder’s option, any part, of each Noteholder’s Notes pursuant to the offer described below (the “Triggering Event Offer”) on the terms set forth in the Trust Deed and the Notes. In the Triggering Event Offer, the Issuer will be required to offer payment in cash equal to the Early Redemption Amount (Triggering Event) plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of purchase (the “Triggering Event Payment”).
“Triggering Event” means (i) any change in or amendment to the laws, regulations and rules of the PRC or the interpretation or application thereof (“Change in Law”) that results in (A) the Group (as in existence immediately subsequent to such Change in Law), as a whole, being legally prohibited from operating substantially all of the business operations conducted by the Group (as in existence immediately prior to such Change in Law) as of the last date of the period described in the consolidated financial statements of the Issuer for the most recent fiscal quarter and (B) the Issuer being unable to continue to derive substantially all of the economic benefits from the business operations conducted by the Group (as in existence immediately prior to such Change in Law) in the same manner as reflected in the consolidated financial statements of the Issuer for the most recent fiscal quarter; and (ii) the Issuer has not furnished to the Trustee, prior to the date that is twelve months after the date of the Change in Law, an Opinion of Counsel or an opinion from an Independent Financial Advisor stating either (A) the Issuer is able to continue to derive substantially all of the economic benefits from the business operations conducted by the Group (as in existence immediately prior to such Change in Law), taken as a whole, as reflected in the consolidated financial statements of the Issuer for the most recent fiscal quarter (including after giving effect to any corporate restructuring or reorganisation plan of the Issuer) or (B) such Change in Law would not materially adversely affect the Issuer’s ability to make principal, premium (if any) and interest payments on the Notes when due; and “Independent Financial Advisor” means an accounting, appraisal, investment banking firm or consultant of nationally recognised standing that is acceptable to the Trustee;
Early Redemption Amount (Triggering Event) per Calculation Amount payable on redemption for triggering event and/or the method of calculating the same (if required or if different from that set out in the Conditions): 101 per cent. of Principal Amount
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