pricing-terms-nine-dragons-paper

Pricing terms: Nine Dragons Paper

Chinese paper board producer Nine Dragons Paper priced its $300 million bond early this morning. Find below some of the information available on the deal. Commentary to follow tomorrow.


...
Issuer Nine Dragons Paper Holdings
Rating of the bond BBB-
Size $300 million
Tenor Five years
Yield 8%
Price 99.493
Spread 505.2bp over five-year Treasuries
Coupon 7.875%
Price guidance 500bp over five-year Treasuries

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222