STOCK TITAN

H World prices CNY3.35B bonds at 2.25%, due 2031

H World Group plans a CNY3.35 billion senior bond issue at 2.25% due 2031 for general corporate purposes, with listing expected in Hong Kong.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

H World Group Limited (HTHT) announced the pricing of an offshore offering of CNY3.35 billion aggregate principal amount of CNY‑denominated senior unsecured bonds, bearing 2.25% interest and due in 2031, offered to non‑U.S. persons under Regulation S and expected to close on or about September 16, 2026, subject to customary conditions.

The company intends to use the net proceeds for general corporate purposes, and the bonds are expected to be listed on the Hong Kong Stock Exchange. As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 rooms across 21 countries, with 7% of rooms under its leased-and-owned model and 93% under its manachise and franchise models.

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Filing Explained

The pending financing would add a bond obligation if completed, without disclosing a corresponding increase in H World’s common share count.

As a Form 6-K, this filing furnishes material information from a foreign private issuer’s home market; here, H World reports pricing a CNY3.35 billion offering of senior unsecured bonds, but the offering remains pending and is expected to close around September 16, 2026, subject to customary conditions. If completed, the transaction would add a bond repayment and interest obligation for the company.

The bonds carry 2.25% interest and mature in 2031. Because the disclosed securities are bonds rather than shares, this filing does not establish a share-count increase or dilution for existing common holders.

Bond principal amount CNY3.35 billion Aggregate principal amount of CNY‑denominated senior unsecured bonds priced in September 2026
Bond coupon rate 2.25% Interest rate on the CNY‑denominated senior unsecured bonds due 2031
Bond maturity year 2031 Year of maturity for the CNY‑denominated senior unsecured bonds
Number of hotels 13,539 hotels Hotels operated as of June 30, 2026
Number of rooms 1,335,445 rooms Rooms in operation as of June 30, 2026
Countries of operation 21 countries Geographic footprint as of June 30, 2026
L&O model room share 7% Share of rooms operated under leased-and-owned model as of June 30, 2026
M&F model room share 93% Share of rooms operated under manachise and franchise model as of June 30, 2026
senior unsecured bonds financial
"pricing of its offering of CNY3.35 billion aggregate principal amount of CNY-denominated senior unsecured bonds"
Senior unsecured bonds are loans a company issues to investors that have priority for repayment over other unsecured debts but are not backed by specific assets as collateral. Think of them as a high‑priority IOU: if the company runs into trouble, holders are paid before holders of junior debt but after any creditors who have claims on particular assets, so they offer a mix of relative safety and higher yield than secured or higher‑priority loans.
Regulation S regulatory
"offered in offshore transactions outside the United States to non-U.S. persons in reliance on Regulation S"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
manachise financial
"Under the manachise model, H World manages manachised hotels through the on-site hotel managers"
forward-looking statements regulatory
"This press release contains forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safe harbor regulatory
"These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What type and size of bonds is H World Group (HTHT) issuing?

H World is offering CNY3.35 billion in aggregate principal amount of CNY‑denominated senior unsecured bonds. The bonds carry a 2.25% coupon and are due in 2031, issued in offshore transactions to non‑U.S. persons under Regulation S.

When is H World Group (HTHT) expected to close its CNY bond offering?

H World expects to close the CNY‑denominated senior bond offering on or about September 16, 2026, subject to the satisfaction of customary closing conditions associated with the transaction.

How will H World Group (HTHT) use the proceeds from the bond issue?

H World intends to use the net proceeds from the CNY3.35 billion senior bond offering for general corporate purposes, without specifying particular projects or debt repayments in this announcement.

Where will H World Group’s new bonds be listed?

The bonds are expected to be listed on The Stock Exchange of Hong Kong Limited. The company notes this expected listing in connection with the CNY‑denominated senior unsecured bond offering.

How large is H World Group’s hotel network as of June 30, 2026?

As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 rooms in 21 countries, across multiple brands and operating models, including leased-and-owned, manachise and franchise.

What is H World Group’s mix of hotel operating models?

As of June 30, 2026, H World operated 7% of its hotel rooms under the leased-and-owned (L&O) model and 93% under the manachise and franchise (M&F) model, applying a consistent standard and platform across its hotels.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number: 001-34656

 

H World Group Limited

(Registrant’s name)

 

No. 1299 Fenghua Road

Jiading District

Shanghai
People’s Republic of China
(86) 21 6195-2011

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

EXHIBIT INDEX

 

Number

 

Description of Document

     
Exhibit 99.1   H World Group Limited Announces Pricing of CNY3.35 Billion CNY-denominated Senior Bonds

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  H World Group Limited
  (Registrant)
     
     
Date: September 10, 2026 By: /s/ Qi Ji
  Name: Qi Ji
  Title: Executive Chairman of the Board of Directors

 

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Exhibit 99.1

 

H World Group Limited Announces Pricing of CNY3.35 Billion CNY-denominated Senior Bonds

 

SINGAPORE and SHANGHAI, September 10, 2026 (GLOBE NEWSWIRE) — H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company,” together with its subsidiaries, the “Group”), a key player in the global hotel industry, today announced the pricing of its offering of CNY3.35 billion aggregate principal amount of CNY-denominated senior unsecured bonds (the “Bonds”). The Bonds were offered in offshore transactions outside the United States to non-U.S. persons (the “Bond Offering”) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).

 

The Bond Offering consists of CNY3.35 billion of 2.25 per cent. bonds due 2031. The Company expects to close the Bond Offering on or about September 16, 2026, subject to the satisfaction of customary closing conditions.

 

The Company intends to use the net proceeds from the Bond Offering for general corporate purposes.

 

The Bonds have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

 

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The Bonds are expected to be listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

 

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offering of securities will be made by means of one or more offering documents, which will contain detailed material information about the Company and its operational and financial performance.

 

This press release contains information about the pending Bond Offering, and there can be no assurance that the Bond Offering will be completed.

 

About H World

 

Originated in China, H World is a key player in the global hotel industry. As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 rooms in operation in 21 countries. H World’s brands include HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, IntercityHotel, Grand JI Hotel, Hi Inn, Ni Hao Hotel, Elan Hotel, Zleep Hotels, Starway Hotel, CitiGO, Manxin Hotel, Madison Hotel, MAXX Hotel, Blossom House, Joya Hotel, Steigenberger Hotels & Resorts, Jaz in the City, Steigenberger Icons and Song Hotels. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.

 

H World’s business includes L&O and M&F models. Under the L&O model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels. As of June 30, 2026, H World operated 7 percent of its hotel rooms under the L&O model, and 93 percent under the M&F model.

 

For more information, please visit H World’s website: https://ir.hworld.com.

 

Safe Harbor Statement

 

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s anticipated growth strategies; its future results of operations and financial condition; economic conditions; the regulatory environment; its ability to attract and retain customers and leverage its brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in its filings with the SEC. Further information regarding these and other risks is included in the Company’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

Contact Information

Investor Relations

Tel: +86 (21) 6195 9561

Email: ir@hworld.com

https://ir.hworld.com

 

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Filing Exhibits & Attachments

1 document

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