Genting Bhd said its wholly owned Resorts World Las Vegas unit had priced an offering of $1 billion senior notes, which will be used to finance the remaining costs related to the construction of the resort.
The ten-year notes have a coupon of 4.625 percent, payable on a semi-annual basis.
S&P Global Ratings has assigned a preliminary issue rating of BBB+ to the Notes, whilst Fitch Ratings, Ltd has assigned an expected rating of A-(EXP).
Concurrently with the notes issue, Resorts World Las Vegas will enter into $1.6 billion in senior secured credit facilities, including a $400 million term loan and a $1.2 billion revolving credit facility.
The notes were only offered and sold in the U.S. to qualified institutional buyers, the company said in a statement to Bursa Malaysia.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.