BUZZ-Meituan jumps after raising $2.5 bln in China's first tech debt issuance of 2024

Reuters09-25

** Shares of Chinese food delivery company Meituan jump 5.9% to HK$148, their highest since August 2023, and on track for a second session of gains

** Stock on course for biggest one-day pct gain since Aug 29, if trend holds

** Stock is the third most actively traded shares by turnover

** China's Meituan has raised $2.5 bln in a two-tranche dollar bond deal, according to its regulatory filings on Wednesday, in the country's first offshore technology sector debt issuance this year

** Co plans to use the proceeds to refinance upcoming offshore debt

** Hang Seng Commerce & Industry Index rises 2.7%, Hang Seng Tech Index jumps 3.4% and Hang Seng Index

rises 3%

** Stock up 76.7%, YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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