THE MACAU METRO MONITOR, NOVEMBER 11, 2013
SANDS CHINA SEEKS REVOLVING LOAN OF US$1.5 BLN Macau Business
Sands China has approached banks to arrange a US$1.5-billion, (MOP12 billion) six-year, revolving credit facility. The casino operator has approached its current lenders and targets to invite more than 10 banks to become senior lenders, Bloomberg reports. The news agency says the pricing is thought to be at an all-in rate of slightly under 200 basis points over Libor.
CHINA'S OCT. NEW YUAN LOANS AT 506.1 BLN Xinhua
According to PBoC, China's new yuan-denominated lending in October amounted to 506.1 billion yuan (82.44 billion U.S. dollars), an increase of 700 million yuan YoY. This was below Dow Jones estimate of 600 billion yuan.
LOUIS XIII RAISES US$133.5 MLN FOR COTAI CASINO Macau Business
Louis XIII Holdings raised HK$1.03 billion (US$133.5 million) for a planned casino resort in Cotai. The proceeds from the combined sale of equity and zero-coupon convertible bonds will fund construction of its US$1-billion casino resort.
The financing deal included a share placement of HK$735 million, and HK$300 million of convertible bonds taken up by the Ontario Teachers’ Pension Plan.