DSGI To Close Books Early On GBP150 Million Five-Year Bond

22nd Jul 2010 11:25

LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) will close the order books on its expected GBP150 million, five-year bond at 1100 GMT, earlier than originally stated, one of the banks running the sale said Thursday. The issue, which is expected to launch and price July 23, will yield between 9% and 9.25%. Barclays Capital, BNP Paribas SA, Citigroup Inc., HSBC Holdings and the Royal Bank of Scotland PLC are leading the deal. DSG has offered to buy back GBP140 million of its GBP300 million, 6.125% guaranteed bonds due 2012. The final size of the new bond will depend on the results of the tender offer, which expires at 1500 GMT. Fitch Ratings recently revised DSGI's outlook to positive from stable and affirmed the company's rating at B. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 22, 2010 06:25 ET (10:25 GMT)