Sands China hits $1.75bn loan target but falls on 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.
DBS was the fifth lender to join the $1.75bn project financing during syndication, joining OCBC, Banco Nacional Ultramarino and two others. The loan will allow Sands China to resume construction on sites five and six of Macau’s Cotai Strip, which were mothballed last year.
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