- Beijing-based TAL Education Group (TAL +1.7%) signed agreements to buyback $2.3B of its 0.50% convertible senior notes due 2026.
- The company will pay cash equal to the sum of $2.3B, the aggregate principal amount of the 2026 notes and and accrued and unpaid interest.
- The repurchases are expected to be completed in one or more closings by the end of December.
TAL Education to buyback $2.3B senior notes
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