By Wendy Van Sickle
Columbus, Ohio, June 24 – China’s New Oriental Education & Technology Group Inc. priced $300 million of 2 1/8% five-year senior notes, according to a news release Wednesday.
BofA Securities and UBS AG Hong Kong Branch are joint bookrunners for the Regulation S notes.
Proceeds will be used for general corporate purposes.
Based in Beijing, New Oriental provides private educational services in China.
| Issuer: | New Oriental Education & Technology Group Inc.
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| Issue: | Senior notes
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| Amount: | $300 million
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| Maturity: | 2025
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| Bookrunners: | BofA Securities and UBS AG Hong Kong Branch
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| Coupon: | 2 1/8%
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| Pricing date: | June 24
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| Distribution: | Regulation S
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