New Oriental prints debut dollar bond

By Alice Huang
26 Jun 2020

Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.

The issuer received a first-time rating of Baa1 with a stable outlook from Moody’s Investors Service on Monday. Moody’s also assigned the same rating to the company’s senior notes.

New Oriental is the largest provider of private education services in China based on the number of programme offerings ...

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