Meituan Plans Debut Dim Sum Bonds in Up to $1.4 Billion Sale

Chinese food delivery company Meituan is looking to raise 9 billion to 10 billion yuan ($1.26 billion to $1.4 billion) in its maiden dim sum bond offering, according to people familiar with the matter, adding to a wave of recent issuance in the increasingly hot market.

The offshore-yuan denominated offering would include five-year and 10-year notes, the people said, asking not to be identified as the matter is private. Meituan may market the bonds as early as next week, they added. Discussions are ongoing and details could change.

Meituan didn’t respond to a request for comment.

Meituan’s potential offering ...