SkyCity Entertainment Group announced that the bookbuild for its offer of seven year bonds has been successfully concluded.
The company said $125 million has been reserved for clients of participants in the bookbuild process who have received firm allocations. This includes over-subscriptions of $25 million.
The interest rate for the Bonds, which are unsubordinated, unsecured, redeemable and fixed rate, has been set at 4.65 percent per annum.
“Early bird interest will be paid at this interest rate in respect of accepted applications under the Offer within seven business days of the issue date. Investors are therefore encouraged to lodge their applications as soon as possible to take advantage of this.”
The offer will open September 3 and is scheduled to close on September 22.
The stars of the regional political and business world came out on Monday to formally launch the Kyushu IR Promotion Council, aiming to win one of the three available licenses from the central government.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.