Meituan Prices Dual-Currency Bond Offering; Shares Up 3%

MT Newswires Live
Oct 30

Meituan (HKG:3690) has priced a multi-currency senior notes offering totaling $1.99 billion and 7.08 billion yuan, according to a Wednesday Hong Kong bourse filing.

Shares of the food delivery firm gained nearly 3% in Thursday afternoon trade.

The offering includes $600 million 4.500% senior notes due 2031, $600 million 4.750% senior notes due 2032, and $800 million 5.125% senior notes due 2035.

The company will also issue 2.08 billion yuan 2.55% senior notes due 2030 and 5 billion yuan 3.10% senior notes due 2035, the filing said.

The notes were priced between 99.471% and 100% of their principal amounts, it added.

Meituan expects to use the proceeds primarily to refinance existing offshore debt and for general corporate purposes.

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