China Education makes convertible debut

Textbooks 230x150
By Jonathan Breen
22 Mar 2019

China Education Group Holdings tapped the equity-linked market on Thursday, raising HK$2.35bn ($300m) from its first convertible bond.

Sole bookrunner Credit Suisse launched the deal after the Hong Kong market closed on Thursday. The issuer announced a 2024 CB with three year call and put options attached.

The notes were on offer at par with a coupon of between 1.5% and 2% and a 30% to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial