Meituan makes ‘stunning’ debut with $2bn bond

dim sum_575px_adobe_13Aug20
By Morgan Davis
22 Oct 2020

Meituan, a Chinese e-commerce platform and food delivery company, sold its first dollar bond on Wednesday, netting $2bn on the back of an order book that reached $16bn at its peak.

Meituan has done well in the face of the pandemic, as isolated customers have relied on delivery options. The company reported a year-on-year revenue growth of 8.9% between April and June 2020.

The issuer’s debut in the dollar market was “stunning,” thanks to the strong support of global ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial