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.
April 23, 2008


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
Maturity date April 29, 2013
First coupon date October 29, 2008
Bookrunners Merrill Lynch

¬ Haymarket Media Limited. All rights reserved.