Chinese tech giant Tencent is applying to increase the issuance of its medium-term notes from $20 billion to $30 billion, according to its filing to the Hong Kong Stock Exchange on Tuesday.

The proposed notes will be listed within a period of 12 months after Tuesday by way of debt issues to professional investors, the Shenzhen-based company said. Proceeds will be used for general corporate purposes.

Fitch Ratings has assigned the notes an A+ rating.

(Cover: Chinese tech giant Tencent is applying to increase the issuance of its medium-term notes from $20 billion to $30 billion. /VCG)