H World Group-S (01179) has announced its intention to offer RMB-denominated notes to non-U.S. persons in an offshore transaction outside the United States, subject to market conditions and other factors. The offering will be conducted in accordance with Regulation S under the U.S. Securities Act of 1933, as amended.
The principal amount, interest rate, maturity date, and other terms of the notes will be determined at the time of pricing for the bond issuance. The company intends to use the net proceeds from the offering for general corporate purposes.
This proposed issuance reflects the company's strategic approach to diversifying its funding sources in the current market environment. Further details regarding the offering will be announced upon pricing.