The convertible senior notes in the offering are due in 2019. The company granted initial buyers the option to buy up to an additional $30 million principal amount of convertible notes. Buyers can convert the notes into TAL Education's American Depositary Shares if they choose, based on the starting conversion rate of 38.0431 of ADSs per $1,000 principal amount of notes.
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TheStreet Ratings team rates TAL EDUCATION GROUP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TAL EDUCATION GROUP (XRS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: