BNU joins group backing $1.75bn loan for Venetian Orient in Macau

19 Nov 2009

Banco Nacional Ultramarino has joined the up to $1.75bn loan for the Macau unit of Las Vegas Sands that will restart construction on the firm’s two sites on the Cotai Strip.

BNU is joining BNP Paribas, Barclays Capital, Citi, Goldman Sachs and UBS as lenders in the facility. Although it is not known how much BNU has pledged, the rest are believed to have offered tickets worth around $200m-$250m for Venetian Orient, a subsidiary of Las Vegas Sands.

The ...

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