China’s GOME Retail buys back $10 million 5% bonds due 2020

By Sarah Lizee

Olympia, Wash., Jan. 22 – GOME Retail Holdings Ltd. has repurchased $10 million of its $476 million of outstanding 5% bonds due 2020 through on-market purchases in January.

Following the buybacks, there will be $466 million of the bonds left outstanding, according to a company announcement.

The company said it may repurchase more of the bonds depending on market conditions.

GOME Retail, formerly GOME Electrical Appliances Holding Ltd., is an electrical appliance retailer based in Beijing.

© 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.