Melco lists US$1.15 billion senior notes on Macau exchange

Diposting pada
1SHARES15VIEWS

Melco Resorts & Entertainment has become the third Macau concessionaire to list senior notes on Chongwa (Macao) Financial Asset Exchange Co Ltd (MOX).

The company announced on Tuesday that it had listed its 5.375% senior notes due 2029 on the MOX in order to support Macaus financial trading platform and demonstrate Melcos confidence in the citys further development as a world-recognized financial hub and tourism center.

The notes comprise US$900 million senior notes issued in December 2019 and an additional US$250 million issued in January 2021.

As one of the regions leading integrated resort developers and operators, we gladly support the diversified development of local Macau industries through our wide-reaching series of corporate social responsibility initiatives, said Melco Chairman and CEO Lawrence Ho.

Today we are pleased to back the local financial industry through our newly announced senior notes listing on the MOX as a solid confirmation of our support to the governments directions on the diversified development of Macau, as well as our further contribution to the citys continued development as a world financial and tourism hub.

Melcos listing comes after SJM Holdings announced in early May that it was issuing senior notes worth almost US$200 million to be listed on the MOX, with MGM China then completing a dual listing of US$750 million 4.75% Senior Notes due 2027 on MOX and the Hong Kong Stock Exchange.

The creation of a securities market in Macau was first confirmed last November with government officials stating at the time that it planned to focus on bonds in order to differentiate from stock markets in Hong Kong and Shenzhen.