Meituan (HKG:3690) looks to raise a total of $2.5 billion from the issue of two bonds due 2028 and 2029, according to a Wednesday filing with the Hong Kong bourse.

The Chinese delivery company will issue $1.2 billion bonds with a 4.500% interest rate and will mature in 2028. Another $1.3 billion bonds will be issued at an interest rate of 4.625% and will mature in 2029.

The proceeds from the issue will be used to refinance offshore debts and other general corporate purposes.

Meituan shares rose over 3% in morning trade in Hong Kong.

Price (HKD): $147.20, Change: $+7.4, Percent Change: +5.29%