Yuhua replenishes M&A funding with $120m CB

Despite the regulatory risks that surround China’s education sector, the private school operator manages to close the year's first convertible bond sale in Asia ex-Japan.

China Yuhua Education has defied the bearish sentiment around the education sector by raising HK$940 million ($120 million) from the issue of a short-dated convertible bond on Wednesday in what is widely perceived as a pre-placed deal.

¬ Haymarket Media Limited. All rights reserved.

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