Melco wins big on latest dollar deal

Melco, the casino operator, played its US investor cards on Wednesday to build a $500m bond sale.

  • By Morgan Davis
  • 18 Apr 2019

Melco Resorts Finance, with sole global co-ordinator Deutsche Bank, began marketing its seven non-call three year note with an investor call on Tuesday morning US time. At 3pm that afternoon, following investor feedback, the high yield borrower announced its deal with guidance of 5.25%-5.5%.

The issuer ...

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