UBS AG HONG KONG BRANCH

New Oriental Announces Proposed Debt Offering

Retrieved on: 
Monday, June 22, 2020
Finance, Primary dealers, Companies, Banks, UBS, BofA Securities, Bank of America, Bookrunner, New Oriental

The Company intends to use the net proceeds from the offering for general corporate purposes.

Key Points: 
  • The Company intends to use the net proceeds from the offering for general corporate purposes.
  • The joint bookrunners of the offering are BofA Securities and UBS AG Hong Kong Branch.
  • New Oriental is the largest provider of private educational services inChinabased on the number of program offerings, total student enrollments and geographic presence.
  • Among other things, the description of the proposed offering in this announcement contains forward-looking statements.