By Marisa Wong
Morgantown, W.Va., March 6 – GOME Electrical Appliances Holding Ltd. priced $400 million of 5% three-year bonds (BB-) at par on Friday, according to a company announcement.
Barclays is the bookrunner and lead manager.
Proceeds will be used for overseas operations and general corporate purposes.
The electrical appliance retailer is based in Beijing.
| Issuer: | GOME Electrical Appliances Holding Ltd.
|
| Issue: | Senior fixed-rate bonds
|
| Amount: | $400 million
|
| Maturity: | March 10, 2020
|
| Bookrunner: | Barclays
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Call option: | For tax reasons and upon change of control
|
| Pricing date: | March 3
|
| Settlement date: | March 10
|
| Rating: | S&P: BB-
|
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