School prints first education bond

摘要

bright scholar education holdings last week became the first company from China's private education sector to tap the international bond market, with a US$300m print that received robust demand from investors and rallied in the aftermarket. The US-listed Chinese private school operator on Wednesday priced the three-year senior unsecured notes at par to yield 7.45%, 42.5bp tighter than initial 7.875% area guidance. The Reg S issue drew final orders of more than US$2.3bn from 86 accounts.