MGM China lists US$750m in senior notes

MGM China has announced it has listed US$750m in senior notes on the Stock Exchange of Hong Kong and the Chongwa (Macao) Financial Asset Exchange Co.

Macau.- MGM China has reported that its offering of 4.75 per cent senior notes worth US$750m due February 1, 2027, has been listed on the Hong Kong Stock Exchange and the Chongwa (Macao) Financial Asset Exchange Co (MOX).

Kenneth Feng, MGM China president and chief strategic and financial officer, said the Macau listing represents a key step to promote Macau’s economic diversification.

A week earlier, SJM Holdings also issued senior notes to refinance syndicated credit facilities.

In April, MGM China reported revenue of HKD2.30bn (US$296.4m) for the first quarter of 2021, an increase of 8.8 per cent year-on-year.