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Article: Macau: Las Vegas Sands Seeks to Raise $400 Million, Morning Post Says.
- Article from:
- TendersInfo
- Article date:
- August 1, 2009
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Byline: pinto03
Las Vegas Sands Corp. is seeking $400 million in short-term funding to ease a cash crunch and possibly restart resort construction in Macau, the South China Morning Post reported.
The company plans to sell convertible bonds with a coupon as high as 16 percent to hedge funds and pension fund managers, the Hong Kong-based English-language newspaper said today, citing people who have seen documents prepared by Sands investment bank, Goldman Sachs Group Inc.
The sale is linked to plans to raise $2.5 billion in a Hong Kong initial public offering of the Las Vegas-based company s Macau unit next year, the Post said. Investors can ...