Hong Kong's Galaxy talks three-year renminbi notes at 5% area yield

By Christine Van Dusen

Atlanta, Dec. 9 - Hong Kong's Galaxy Entertainment Group Ltd. set guidance for its planned issue of RMB 1 billion three-year fixed-rate senior unsecured bonds at the 5% area, a market source said.

Bank of America Merrill Lynch, BOC International, HSBC and UBS are the bookrunners for the Regulation S transaction.

Proceeds will be used as general working capital for the issuer's and its subsidiaries' non-gaming business and will provide additional financial flexibility.

Galaxy operates casinos, hotels and entertainment facilities in Macau through subsidiary Galaxy Casino SA.

© 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.