Chinese food delivery giant Meituan (3690) is reportedly considering issuing offshore yuan-denominated bonds, also known as dim sum bonds, according to Bloomberg.
Several investment banks are currently gauging fixed-income investors’ interest in a potential offering, though discussions are still in the preliminary stage, the report said. Details such as the tenor, size, and timing of the issue remain under consideration.
If priced successfully, this would mark Meituan’s first-ever dim sum bond issuance.
According to data, Meituan has a US$750 million (HK$5.85 billion) bond with a coupon rate of 2.125 percent set to mature on October 28. In September last year, the company raised a total of US$2.5 billion through the issuance of two dollar-denominated bonds.
