Archive · 27 Oct 2025
Meituan to Raise $3 Billion in Bond Sale Amidst Market Competition
Meituan, a company that delivers food and other items online, wants to borrow about $3 billion by selling bonds.
They plan to sell bonds in both US dollars and Chinese yuan.
They will use the money to pay back some of their existing debt and for other business needs.
The company's stock price has gone down this year, and they are facing tough competition from other companies in the food delivery market.
The company hopes the bond sale will help them with their finances.
Meituan plans to raise around $3 billion in a dual-currency bond sale.
The offering includes dollar and offshore yuan notes.
Proceeds will be used for debt refinancing and general corporate purposes.
Meituan's share price has dropped this year amid rising competition.
Moody’s assigned a Baa1 rating to the proposed offering.
- Who
- Meituan
- What
- Plans to raise approximately $3 billion through a dual-currency bond sale.
- When
- As early as Tuesday, according to sources.
- Where
- China
- Why
- To refinance debt and for general corporate purposes amid increasing competition.
- Company
- Meituan
- Amount to be Raised
- $3 billion
- Bond Type
- Dual-currency
- Currency Breakdown
- $2B in dollar notes, $1B in offshore yuan notes
- Use of Proceeds
- Refinancing debt, general corporate purposes
- Maturities (Dollar Notes)
- 5.5-year, 7-year, 10-year
- Maturities (Offshore Yuan)
- 5-year, 10-year
- Credit Rating (Moody's)
- Baa1