HONG KONG (Standard&Poor's) April 23, 2014--Standard&Poor's Ratings Services today assigned its 'A-' long-term issue rating and 'cnAA' long-term Greater China regional scale rating to an issue of US$2.5 billion in senior unsecured notes by Tencent Holdings Ltd. (A-/Stable/--; cnAA/--). The issuance will be in two tranches: US$2.0 billion due May 2019 and US$500 million due May 2017. The notes will be a drawdown under the company's US$5.0 billion global medium-term note (MTN) program. The ratings are subject to our review of the final issuance documentation. Tencent expects to use the proceeds for general corporate purposes. The rating on the senior unsecured notes is the same as the corporate credit rating on Tencent because we expect the
