Melco Resorts Finance Limited has announced that it has priced its international offering of 5.375 percent senior notes due 2029.

Both Moody's Ratings and S&P Global Ratings issued evaluations on the recently announced senior notes linked to Melco Resorts & Entertainment Limited, stating the move should help the group repay its debt and improve financial leverage.

Moody's Investors Service has upgraded Melco Resorts Group's credit rating from 'negative' to 'stable' due to the fast recovery in Macau.

Melco Resorts & Entertainment's credit rating has been upgraded by S&P Global from "negative" to "stable" due to the faster-than-expected recovery in Macau.

Melco Resorts & Entertainment’s 2022 EBITDA is only likely to reach 4 to 5 percent of 2019 levels and the uncertainty over recovery in Macau is weighing on its credit rating, Moody’s Investor Services said. 

The fallout from the arrest of Suncity Group CEO Alvin Chau has continued, with Sands China and Melco Resorts & Entertainment saying they will close their VIP rooms this month, while junket Tak Chun is laying off staff after several operators ceased their cooperation with the group.

Galaxy Entertainment has invested RMB100 million ($15.6 million) in what it says is Asia's first biodiversity themed green bonds, which were issued by the Bank of China's Macau branch.

The Melco Group will have the largest amount of notes listed on Macau's Financial Asset Exchange of any non-financial institution after Studio City Holdings announced the listing of 5 percent senior notes due 2029.

Melco Resorts & Entertainment Chairman Lawrence Ho is planning to launch a $150 million special purpose acquisition company (SPAC) on the New York Stock Exchange (NYSE).

Melco Resorts & Entertainment has announced the listing of the 5.375 percent senior notes due 2029 on the Chongwa (Macao) Financial Asset Exchange to help the city develop its financial industry.