Chinese tech giant Tencent announced Thursday that it would issue bonds worth $6 billion.
The notes are expected to be issued on April 11, the company's board said in a statement dated Wednesday U.S. time, and they will bring in net proceeds of about $5.98 billion.
According to Reuters, Refinitiv data showed Tencent's sale was Asia's largest this year.
Tencent last tapped the dollar debt market in January 2018 when it issued $5 billion worth of bonds. On Monday, the Chinese firm flagged that it had increased its global bond offering program from $10 billion to $20 billion. It also proposed "to conduct an international offering" but did not specify a size.