By Christine Van Dusen
Atlanta, April 29 - Hong Kong's Melco Crown Entertainment Ltd. sold RMB 2.3 billion notes due 2013 at par to yield 3¾%, a market source said.
The Regulation S notes include a make-whole call after May 9, 2012.
Proceeds will be used to repay debt, for working capital, for general corporate purposes, to fund potential future growth and expansion opportunities, to repay existing debt and to partially pre-fund certain scheduled interest payments.
Melco Crown Entertainment is a casino and resort developer and operator.
| Issuer: | Melco Crown Entertainment Ltd.
|
| Amount: | RMB 2.3 billion
|
| Maturity: | 2013
|
| Description: | Notes
|
| Coupon: | 3¾%
|
| Price: | Par
|
| Yield: | 3¾%
|
| Call features: | Make-whole call after May 9, 2012
|
| Trade date: | April 29
|
| Distribution: | Regulation S
|
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