Wynn Macau scores big with $1bn bond

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By Morgan Davis
11 Dec 2019

Wynn Macau, a hotel and casino resort, raised $1bn from its bond return on Tuesday, surpassing expectations on both size and price.

Sole global co-ordinator and left lead bookrunner Deutsche Bank began marketing the 10 non-call five year notes at 5.375% area on Tuesday morning local time. The senior trade was eventually closed at 5.125% and sold at par.

The B1/BB- rated transaction was expected to raise $650m for ...

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