Meituan launches 8B yuan dim sum bond sale
Chinese delivery giant Meituan has launched an 8 billion yuan dual-tranche offshore bond after receiving over 20 billion yuan in orders. The proceeds will be used to refinance existing debt and for general corporate purposes.
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MEITUAN-CLASS B launched an 8 billion yuan ($1.2 billion) dim sum bond sale after receiving over 20 billion yuan ($3 billion) in orders. The dual-tranche offering exceeds the company's initial target of 7 billion yuan set earlier in the week. The funds will allow Meituan to refinance existing offshore debt and support general corporate purposes following its return to profitability.
