China’s GOME sets minimum yield on upcoming bonds at 9½%

By Marisa Wong

Los Angeles, Nov. 8 – GOME Retail Holdings Ltd. said that its previously proposed bonds due 2021 will bear a minimum yield of 9½%.

As previously announced, GOME is planning new bonds due 2021 that will be issued concurrently and form a single series with bonds issued to settle an exchange offer for up to $200 million of its 5% bonds due 2020.

Barclays is global coordinator and a joint bookrunner and lead manager along with Bocom International.

Proceeds from the new bonds will be used to refinance the existing 2020 bonds and other debt.

GOME is an electrical appliance retailer based in Beijing.

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