GOME Retail lowers conversion price on 5% convertibles due 2023

By Marisa Wong

Los Angeles, April 29 – GOME Retail Holdings Ltd. announced that it adjusted the conversion price of its $200 million 5% convertible bonds due 2023 issued in April 2020 and its $100 million 5% convertible bonds due 2023 issued in June 2020.

The conversion price for the April 2020 bonds was lowered to HK$1.20 per share from HK$1.215 per share, and the conversion price for the June 2020 bonds was reduced to HK$1.24 per share from HK$1.255 per share.

The price adjustments, effective from March 9, are in connection with a placement of existing and new shares of the company.

Both series of bonds have an extension option to 2025.

Formerly GOME Electrical Appliances Holding Ltd., GOME Retail is a Hong Kong-based retailer of electrical appliances and electronic consumer products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.