Poor loan supply could help Melco’s jumbo

13 Nov 2012

Melco Crown Entertainment could be helped by the weak supply of Asian loans over the last few months, as bankers that have struggled to generate bookrunner slots start to lower their expectations and resign themselves to getting lesser positions on loans.

Studio City, the latest Melco Crown development in Macau, is pitching both bond investors and loans bankers at the same time, after kicking off the roadshow for an $825m bond at the same time that bankers attempt to generate demand for a selldown of part of a $1.4bn ...

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