Lates News

On the morning of October 28, Meituan announced on the Hong Kong Stock Exchange that the company and the initial purchasers entered into a purchase agreement in respect of the notes offering. Before deducting underwriting commissions and certain estimated offering expenses, the gross proceeds from the notes offering will be RMB8 billion. Subject to the satisfaction of certain conditions set out in the purchase agreement, the company will issue RMB4.5 billion in aggregate principal amount of 2031 RMB Notes (maturing on the interest payment date falling on or about November 3, 2031) and RMB3.5 billion in aggregate principal amount of 2036 RMB Notes (maturing on the interest payment date falling on or about November 3, 2036), unless redeemed earlier in accordance with the terms of the notes. The company intends to use the net proceeds from the notes offering primarily for refinancing existing offshore debt and other general corporate purposes.