By Wendy Van Sickle
Columbus, Ohio, June 20 – GOME Electrical Appliances Holding Ltd. priced a $100 million add-on to its 5% three-year bonds (BB-) at 100.625 plus accrued interest from March 10 to, but excluding, June 23 on Tuesday, according to a company announcement.
The company originally priced $400 million of the notes at par on March 3.
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.
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Issue: | Senior fixed-rate bonds
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Amount: | $100 million add-on
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Maturity: | March 10, 2020
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Bookrunner: | Barclays
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Coupon: | 5%
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Price: | 100.625 plus accrued interest from March 10 to, but excluding, June 23
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Call option: | For tax reasons and upon change of control
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Pricing date: | June 20
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Rating: | S&P: BB-
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