Meituan Raises US$2 Billion and CNY7.08 Billion in Senior Notes Offering
Reuters
Oct 29
Meituan Raises US$2 Billion and CNY7.08 Billion in Senior Notes Offering
Meituan has announced the issuance of multiple senior notes, raising significant capital through both US dollar and Chinese yuan-denominated debt offerings. The company will issue US$600 million in 4.500% senior notes due 2031, US$600 million in 4.750% senior notes due 2032, and US$800 million in 5.125% senior notes due 2035. Additionally, Meituan will offer CNY2.08 billion in 2.55% senior notes due 2030 and CNY5 billion in 3.10% senior notes due 2035. The gross proceeds before deducting underwriting commissions and estimated offering expenses are approximately US$1,993.7 million for the USD notes and CNY7,080 million for the CNY notes. The net proceeds are intended primarily for refinancing existing offshore indebtedness and for general corporate purposes. No URL for the full prospectus is included in the document.
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