China’s GOME Electrical plans at least RMB 2 billion bonds for January

By Marisa Wong

Morgantown, W.Va., Jan. 6 – GOME Electrical Appliances Holding Ltd. is planning to issue up to RMB 5 billion of domestic corporate bonds in tranches through wholly owned subsidiary Gome Appliance Co. Ltd., according to a company announcement.

The company plans to issue a first tranche totaling at least RMB 2 billion in January.

Dongxing Securities Co. Ltd. is the lead underwriter.

Proceeds will be used for general working capital, including expansion of the subsidiary’s store network and e-commerce business, development of its logistic and after-sales service platforms, optimization of its internal management system and upgrade of its ERP system.

The electrical appliance retailer is based in Beijing.

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