New Oriental Education & Technology Group Inc., founded in 1993 and headquartered in Beijing, China, aims to provide educational services and products primarily for students and educators. The company offers a comprehensive suite of services including test preparation, language training, and online education, targeting a diverse range of learners from primary school to adult education.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
New Oriental began issuing bonds in 2015, with a notable issuance of $300 million in senior unsecured notes in 2019, which attracted significant investor interest due to the company’s strong market position. Current yields on their bonds are competitive within the education sector, reflecting investor confidence in their operations. Noteworthy features of their bond offerings include a fixed coupon rate and the potential for early redemption, which aligns with their growth strategy. Recent news indicated that the company is exploring new financing avenues to support its expansion into online platforms.