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The company experienced a difficult period in 2018 after the Chinese government stopped approvals of new video games early in the year. The games must be approved by censorship to be monetized in China. Gambling is a prominent part of Tencent's business and the freeze on approvals has resulted in more than $ 127 billion being lost in its shares. Tencent also recently announced a 35% year-over-year earnings decline in the fourth quarter of 2018.
However, the company's shares have risen and increased by more than 19% since the beginning of the year. China resumed play approvals in December.
On Tuesday, Chinese regulators approved a new batch of games, including a "Game of Thrones" title that Tencent will distribute.
Deutsche Bank, HSBC, Goldman Sachs and Morgan Stanley are joint global coordinators for the sale of bonds.
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