MEITUAN-W Plans to Issue $2 Billion in USD Notes and RMB 7.08 Billion in CNY Notes
Deep News
Oct 30
MEITUAN-W (03690) announced that on October 28, 2025 (New York time), the company and the initial purchasers entered into a purchase agreement for the issuance of notes. The company will issue USD 600 million in 2031 notes, USD 600 million in 2032 notes, USD 800 million in 2035 notes, RMB 2.08 billion in 2030 CNY notes, and RMB 5 billion in 2035 CNY notes, unless redeemed earlier under the terms of the notes. The annual interest rates for these notes are 4.5%, 4.75%, 5.125%, 2.55%, and 3.10%, respectively.
The company stated that the net proceeds from the issuance will primarily be used for refinancing existing offshore debt and other general corporate purposes.
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