Miniso Secures $550 Million Debt for Global Growth and Share Buy-backs

Economy

1 year ago

News sources:

Credited from: SCMP

Miniso Group Holding, a Chinese budget retailer, is raising **US$550 million** through debt securities for global expansion and share buy-backs.
The securities will mature on **January 14, 2032**, and have a minimal interest rate of **0.5%**, paid semiannually.
Miniso plans to allocate **half** of the net proceeds, around **US$457 million**, towards overseas expansion and branding efforts.
As part of its strategy, Miniso aims to establish a global network of **40,000 stores**, focusing on higher spending markets like the **US and Europe**.
Notably, Miniso's revenue surged nearly **23%** in the first nine months of 2024, despite facing a decline in same-store sales growth.

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