Sands China hits $1.75bn loan target but tanks in IPO debut

Sands China, the Macau unit of Las Vegas Sands, has hit its $1.75bn project financing loan target after DBS joined the deal late last week, but news of the loan’s success was not enough to prevent a weak IPO debut for the company on Monday.

  • 03 Dec 2009
DBS was the fifth lender to join the $1.75bn project financing during syndication with a $75m ticket. Other lenders that joined during syndication include Industrial & Commercial Bank of China (Macau) with a $150m ticket; Banco Nacional Ultramarino pledging $100m; OCBC lent $75m; and an undisclosed lender committed ...

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