(MEITUA, Baa1/A-/BBB+)
"PRICED: Meituan $2b Debt Offering in 3 Parts" - BBG
New Issue: USD600m 5.5Y
IPT: T+130bp area
Final: T+95bp
FV estimate: T+91bp area
New Issue: USD600m 7Y
IPT: T+140bp area
Final: T+105bp
FV estimate: T+97bp area
New Issue: USD800m 10Y
IPT: T+150bp area
Final: T+115bp
FV estimate: T+104bp area
Our fair value estimate: https://mni.marketnews.com/3WZ3HJ5
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