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Want Want Sells $600 Million of Five-Year Senior Unsecured Notes

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May 9 (Bloomberg) -- Want Want China Holdings Ltd., a manufacturer of rice cakes and beverages, sold $600 million of bonds in its first offering of U.S. dollar-denominated debt.

The company issued 1.875 percent notes due May 2018 that yield 115 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. The sale adds to a surge in dollar offerings from borrowers in Asia’s largest economy that’s heading for the biggest quarter on record.

To contact the reporter on this story: Charles Mead in New York at cmead11@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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