Want Want Sells $600 Million of Five-Year Senior Unsecured Notes
Want Want China Holdings Ltd. (WWNTY), 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 editor responsible for this story: Alan Goldstein at email@example.com