Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Best Buy Raises $500 Million After Boosting Five-Year Bond Sale

Best Buy Co. raised $500 million after increasing the size of its first bond offering since 2011 as the world’s largest consumer-electronics retailer prepares to repay an equal amount of notes due next week.

The 5 percent, five-year securities yield 359.9 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. Best Buy had earlier planned to sell $350 million of bonds, according to a person with knowledge of the transaction who asked not to be identified, citing lack of authorization to speak publicly.

Proceeds may be used to refinance debt, fund working capital or repurchase stock, Richfield, Minnesota-based Best Buy said today in a regulatory filing.

Best Buy’s 6.75 percent bonds mature on July 15, Bloomberg data show. The retailer, rated Baa2 by Moody’s Investors Service and BB at Standard & Poor’s, had $908 million of cash and equivalents on May 4 and has reported three straight quarters of net losses as it lowers prices to compete with online rivals.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.