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New Oriental Education buys back $11.23 million more 2 1/8% bonds
By Rebecca Melvin
Concord, N.H., June 10 – 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 $240.01 million of the original $300 million of bonds, representing 80% of the original issue size.
As reported on May 23, the company reported that it had previously repurchased a total of $228,785,000 of the original $300 million of bonds.
After the most recently repurchased bonds are canceled, there will be $59.99 million, or 20%, of the issue remaining outstanding.
The private educational services company is based in Beijing.
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