Far East Horizon CEO Seeks Overseas Debt to Fund Chinese Schools

Far East Horizon CEO Seeks Overseas Debt to Fund Chinese Schools

Nelson Ching/Bloomberg

Far East Horizon agreed to pay 110 percent of the People’s Bank of China rate for a 550 million yuan ($86.6 million) three-year loan signed in March. The PBOC’s best lending rate for one- to three-year money is 6.4 percent.