H World Group Plans CNY-Denominated Bond Issue
News provided byH World Group Limited · 2 min read
H World Group Limited, a prominent player in the global hotel industry, has announced its intention to issue CNY-denominated bonds in an offshore transaction outside the United States. The company, listed on the NASDAQ and the Hong Kong Stock Exchange under the symbols HTHT and 1179 respectively, is proposing this Bond Offering to non-U.S. persons in accordance with Regulation S under the U.S. Securities Act of 1933, as amended. The terms of the bonds, including the principal amount, interest rates, and maturity dates, will be determined at the time of pricing.
The funds raised from the Bond Offering will be used for general corporate purposes. The bonds have not been registered under the U.S. Securities Act or any state securities laws and may not be offered or sold in the United States or to U.S. persons, except under specific exemptions.
H World Group, which originated in China, currently operates 13,539 hotels with 1,335,445 rooms in 21 countries. The company's portfolio includes well-known brands such as HanTing Hotel, JI Hotel, Orange Hotel, and Crystal Orange Hotel, among others. In addition to its direct ownership and management of hotels, H World also acts as the master franchisee for several international brands in the pan-China region, including Mercure, Ibis, and Ibis Styles.
As of June 30, 2026, H World operated 7% of its rooms under the direct ownership and lease (L&O) model, while 93% were managed through franchising and management (M&F) arrangements. The company's business model focuses on maintaining a consistent standard and platform across all its hotels.
H World's move to issue CNY-denominated bonds is a strategic step to diversify its funding sources and meet its expanding global operations. However, it comes with the caveat that the offering is subject to market conditions and other factors. The company cautions that there is no assurance that the Bond Offering will be completed.
The forward-looking statements in this release are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Readers are advised to consider various factors that could cause actual results to differ from those anticipated, including economic conditions, regulatory environment, and trends in the lodging industry.