Melco rolls dice a second time for 2028 bond

By Morgan Davis
05 Aug 2020

Melco Resorts Finance tapped its 5.75% 2028 notes on Tuesday, adding another $350m to the trade.

The original $500m deal was sold in July at par. The borrower, a casino and resort operator, paid about 10bp-15bp of new issue premium on that deal, given the underperformance of other casino bonds at the time. Deal statistics were not released, but the order book for ...

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