Hong Kong-listed schools operator China Maple Leaf Educational Systems is issuing a $125 million convertible bond.

In an exchange filing, Maple Leaf stated it will use the proceeds from the raise to repay debt, and to fund acquisitions and general corporate purposes.

UBS was the sole bookrunner. It ultimately priced the notes with a 2.25% coupon, representing a 3.25% yield, and with a 25% conversion premium.

Date published: 14 January 2021

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