Food-delivery firm Meituan aims to raise US$1 billion in bond sale
Source: The Business Times
Published on: 2026-10-26 07:15
It raised about US$3 billion from a sale of dollar securities and offshore yuan notes last year CHINESE food-delivery giant Meituan is seeking to raise the equivalent of about US$1 billion through its offshore yuan bond offering, according to people familiar with the matter, as it joins a growing wave of issuers tapping the dim sum debt market. The company has obtained approval from Chinese regulators to raise a larger amount offshore, but decided to preserve part of the quota for dollar bond refinancing when market conditions are favourable, Meituan representatives told investors during a call on Monday, the people said, asking not to be identified discussing private matters. The quota is set to expire next September, they added. The dim sum bond offering is expected to be priced on Tuesday, the people said. Meituan is raising the debt as competition has eased in China's food delive...
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