Meituan (HKG:3690) is mulling a bond offering of more than $1 billion this year, Bloomberg News reported Tuesday, citing people familiar with the matter.
The Chinese food delivery and shopping service plans to use the proceeds to refill working capital, repay existing debt, and boost growth, the report said, citing the sources.
The plans are preliminary and details such as the offering size and terms could still change, the report said.
Meituan did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (HKD): $115.90, Change: $-0.90, Percent Change: -0.77%
Comments