By Marisa Wong
Madison, Wis., Feb. 27 - Melco Finance Ltd. priced an additional HK$300 million of 4.15% guaranteed bonds due 2018 on Thursday, according to an announcement by parent and guarantor Melco International Development Ltd.
This brings the total size of the issue to HK$760 million. The initial HK$460 million of bonds priced at par on Tuesday.
BOCI Asia Ltd. and Deutsche Bank AG, Hong Kong Branch are the agents.
Proceeds will be used for general working capital and future investment purposes.
Based in Hong Kong, Melco International engages in leisure, gambling and entertainment, technology, and property businesses in Hong Kong, Macau and the Philippines.
| Issuer: | Melco Finance Ltd.
|
| Issue: | Guaranteed bonds
|
| Guarantor: | Melco International Development Ltd.
|
| Amount: | HK$760 million (upsized from HK$460 million)
|
| Maturity: | Five years
|
| Coupon: | 4.15%
|
| Price: | Par
|
| Yield: | 4.15%
|
| Agents: | BOCI Asia Ltd. and Deutsche Bank AG, Hong Kong Branch
|
| Pricing date: | Feb. 26
|
| Upsizing date: | Feb. 28
|
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