Tencent Appoints Banks for First Bond Sale in Four Years (1)

Chinese technology and mobile gaming giant Tencent Holdings Ltd. has appointed banks for its first bond offering in four years.

The company is proposing to sell offshore-yuan denominated notes with 5-year, 10-year and 30-year tenors as early as Tuesday, according to a person familiar with the matter.

It has mandated banks including Bank of China and JPMorgan Chase & Co. as the joint global coordinators, and some others such as Bank of Communications as well as Morgan Stanley as the joint bookrunners for the deal, the person added.

If launched, it would be the tech company’s first-ever dim sum ...