H World completes CNY3.35 billion bond issuance

H World ($HTHT) completed an offering of CNY3.35 billion of senior unsecured notes paying 2.25% and maturing in 2031. The company plans to use the proceeds for general corporate purposes. The announcement confirms completion of the financing rather than merely the launch of a proposed offering.

The notes were offered outside the United States under Regulation S, with a Hong Kong bond listing expected subsequently. That listing concerns the debt securities, not a new listing of H World’s ordinary equity. The hotel group reported a network of 13,539 hotels and approximately 1.34 million rooms across 21 countries at the end of the second quarter. The financing release did not identify a particular acquisition to be funded or issue a new earnings forecast.

Sources:

• H World — completion of senior notes offering