Meituan reportedly seeks about $1 billion through offshore yuan bonds

On Oct. 26, Bloomberg reported that Meituan was seeking the equivalent of about $1 billion through an offshore yuan bond offering. People familiar with the matter said proceeds would mainly refinance offshore yuan loans, while Meituan planned to reserve part of a larger approved issuance quota for possible dollar-bond refinancing. Bloomberg's account carried by The Business Times said the offering was expected to be priced Oct. 27.