China’s New Oriental Education repurchases more 2 1/8% bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., May 23 – New Oriental Education & Technology Group Inc. updated the status of continuing repurchases of its 2 1/8% bonds due 2025, according to a 6-K filing with the Securities and Exchange Commission.

The company has now repurchased $228,785,000 of the original $300 million of the bonds, representing 76.3% of the original issue size.

After the repurchased bonds are canceled, there will be $71,215,000, or 23.7%, of the bonds outstanding.

The private educational services company is based in Beijing.

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