By Scott Murdoch

SYDNEY (Reuters) – Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of $1 billion in a three-tranche offshore yuan bond deal, according to two sources with direct knowledge of the matter.

The sources could not be identified as the information has had not yet been made public. Tencent declined to comment on the transaction.

Tencent plans to issue five-, 10- and 30-year offshore yuan bonds, according to a term sheet seen by Reuters on Tuesday.

The dim sum bonds have initial price guidance of about 2.6% for the 5-year tranche, 3% for the 10-year and 3.6% for the 30-year, the term sheet showed.

The sale is for investors based outside of the U.S.

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