Venetian Macau lops $1.75bn off loan as nervy banks balk at $7bn

Venetian Macau, the casino developer owned by the Las Vegas Sands Group, has had to slash its loan from $7bn to $5.25bn after banks balked at the hefty size.

  • 07 Aug 2008

Even after being reduced, it is one of the largest syndicated facilities in Asia this year. It would rank third behind the $6.64bn loan for Japan Oil, Gas and Metals, signed in April, and Neptune Orient Lines’ $7bn facility, if that gets off the ground.

Bookrunners Citigroup, Goldman Sachs, ...

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 51,560.77 157 5.45%