Meituan Considers More Than $1 Billion Bond Offering
- Chinese online retailer is working with banks on a bond sale
- Proceeds to be used to repay some debt, fund overseas growth
A food delivery courier for Meituan in Beijing.
Source: BloombergThis article is for subscribers only.
Meituan is considering raising funds via a bond offering this year, people familiar with the matter said, as the Chinese food delivery and shopping platform seeks to repay some existing debt and fund its expansion.
Meituan, founded in 2010 and led by billionaire Wang Xing, is working with investment banks to lay the groundwork for an offering, the people said, asking not to be identified because the matter is private. The size of the bond could be more than $1 billion, according to the people.