2025.11.10
In November 2025, Meituan successfully completed a dual-currency bond issuance in US dollars and offshore RMB notes. The total issuance was USD 3 billion, including USD 600 million in 5.5-year bonds, USD 600 million in 7-year bonds, USD 800 million in 10-year bonds, RMB 2.08 billion in 5-year bonds and RMB 5 billion in 10-year offshore RMB bonds. This marked the company's largest offshore fundraising to date and its first ever offshore RMB bond issuance.
Meituan was listed on the Hong Kong Stock Exchange in 2018. It has a business strategy of 'retail + technology' and Meituan's corporate mission is 'Eat Better, Live Better'.
JunHe served as the domestic legal counsel to the underwriters in this project and participated throughout the bond issuance phase and the National Development and Reform Commission's foreign debt application stage. JunHe provided legal opinions for the foreign debt application to the National Development and Reform Commission, participated in due diligence interviews, conducted domestic legal due diligence on the issuer's main domestic subsidiaries and issued Chinese legal opinions. JunHe's team assisted with the internal and external approval processes and reviewed the transaction documents. Ultimately, JunHe helped Meituan successfully issue the bonds and our rigorous and efficient work style, along with our meticulous and dedicated service attitude, earned the recognition and trust of the company and the other intermediaries.
YU, Yongqiang (YY) was the lead partner for this project and the internal review partner was Joe Wan.
