MEITUAN-W (03690.HK): Issues RMB8bn Senior Notes at 2.50% and 3.10%

NewTimeSpace News: On 28 October 2026, Meituan (stock codes: 3690 and 83690) announced that on 27 October 2026 it entered into a purchase agreement with the initial purchasers for the issue of RMB4.5 billion 2.50% notes due on or around 3 November 2031 and RMB3.5 billion 3.10% notes due on or around 3 November 2036, both at 100% of principal.

The notes are unsecured senior obligations of the Company. Interest accrues from 3 November 2026 and is payable semi-annually on 3 May and 3 November, calculated on a 365-day year and actual days. Before underwriting commissions and estimated offering expenses, gross proceeds will be RMB8 billion.

Net proceeds are intended mainly to refinance existing offshore debt and for other general corporate purposes, and may be applied differently if unforeseen events or changes in business conditions occur, subject to applicable PRC laws. The notes have not been registered under the US Securities Act and will be offered only outside the United States to non-US persons under Regulation S; they will not be offered to the public in Hong Kong. The Company will apply to list the notes on the Stock Exchange by way of debt issue to professional investors only and has received an eligibility confirmation.