H World (HTHT) plans to offer unregistered yuan-denominated bonds in offshore transactions, outside the US and to non-US persons, the hotelier said Wednesday.

The principal amount, interest rates, maturity dates and other terms of the bonds will be determined at the time of the bond offering.

The bonds will be issued under Regulation S of the US 1933 Securities Act, and thus exempt from US securities regulations.

The Shanghai-based H World, which operates more than 13,500 hotels globally, intends to use the net proceeds from the bond offering for general corporate purposes. The company added that completion of the offering remains subject to market conditions and other factors.