BRIEF: Meituan issues $2.5 billion in senior notes
3690.HK
MPNGY.US
Online-to-offline services provider Meituan (3690.HK) on Thursday announced its issue of two traches of senior notes worth a combined $2.5 billion. One tranche was worth $1.2 billion, with an annual interest rate of 4.5% due in 2028; the other is worth $1.3 billion, with an annual interest rate of 4.625%, due in 2029. Two notes were listed on the Hong Kong Stock Exchange on Thursday and only available to professional investors.
The company will receive net proceeds of $2.488 billion from the sale, and will mainly use the funds to refinance existing offshore debt and for other general corporate purposes.
By Lau Chi Hang
To subscribe to Bamboo Works free weekly newsletter, click here
Related Articles
RELATED ARTICLES
-
JD.com seeks place at China’s massive takeout dining table
9618.HK JD.US -
CIFI restructuring advances as shareholders face massive dilution
0884.HK
-
CALC steers through interest turbulence in search of smoother air
1848.HK
-
‘Revenge travel’ slowdown puts damper on Trip.com’s banner year
9961.HK
-
BRIEF: Alibaba to sell Sun Art stake, record $1.8 billion loss
9988.HK BABA.US 6808.HK
-
BRIEF: Vanke swings to $6.82 billion loss as debt pressure mounts
2202.HK 000002.SHE
-
Baozun returns to the black as Gap expansion accelerates
9991.HK BZUN.US
