By Scott Murdoch

(Reuters) -Chinese gaming and social media leader Tencent Holdings said on Wednesday it had raised 9 billion yuan ($1.27 billion) in a three-tranche offshore yuan bond deal.

The company issued 5-, 10- and 30-year bonds in the deal, Reuters reported on Tuesday, citing sources, and had been aiming to raise about $1 billion.

Tencent said the 5-year bond raised 2 billion yuan and was priced at 2.1% and the 10-year bond raised 6 billion yuan at 2.5%. The longer-dated bond raised 1 billion yuan at 3.1%.

Final pricing was about 50 basis points tighter than first flagged to investors when the deal launched on Tuesday.

Tencent, like its internet giant peers, has been spending big on AI, though capital expenditure has moderated recently. After spending 36.6 billion yuan in the

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