China’s New Oriental Education has 32.75% of 2 1/8% bonds remaining

Chicago, March 15 – New Oriental Education & Technology Group Inc. provided an update about a further buyback of its 2 1/8% bonds due 2025, according to a 6-K filing with the Securities and Exchange Commission on Tuesday.

The company has now repurchased $201,777,000 of the original $300 million of the bonds, 67.3% of the original issue size.

After the repurchased bonds are canceled, there will be $98,223,000, or 32.7%, of the bonds outstanding.

The private educational services company is based in Beijing.

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