Meituan raises $2.5b dollar bonds in China's first tech debt deal this year

Meituan raises $2.5b dollar bonds in China's first tech debt deal this year

A delivery worker picks up goods at a logistics station of online grocery platform by Meituan in Beijing, China, November 23, 2022. REUTERS/Tingshu Wang/File Photo

Meituan, China’s biggest delivery platform, has raised $2.5 billion in a two-tranche dollar bond deal, according to its regulatory filings on Wednesday, in the country’s first offshore technology sector debt issuance this year.

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