DSGI To Price GBP150M 5-Year Bond To Yield 9%-9.25%

21st Jul 2010 09:00

LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) will price its expected GBP150 million, five-year bond issue to yield between 9% and 9.25%, one of the banks leading the deal said Wednesday. Barclays Capital, BNP Paribas SA, Citigroup Inc., HSBC Holdings and the Royal Bank of Scotland PLC are leading the deal, which is expected to launch and price July 23. 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 will be released Thursday. Fitch Ratings recently revised DSGI's outlook to positive from stable and affirmed the company's rating at B. -By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349, [email protected] (END) Dow Jones Newswires July 21, 2010 04:00 ET (08:00 GMT)