New Oriental Education has bought back 95% of 2 1/8% bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., Feb. 22 – 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.

As of Feb. 22, the company has repurchased $285,147,000 million of the original $300 million of bonds, representing 95% of the original issue size.

After the most recently repurchased bonds are canceled, there will be $14,853,000 million, or 5%, of the issue remaining outstanding.

The private educational services company is based in Beijing.

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