{"id":20729,"date":"2021-07-27T16:13:16","date_gmt":"2021-07-27T16:13:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20729"},"modified":"2026-04-23T17:13:24","modified_gmt":"2026-04-23T20:13:24","slug":"macau-studio-city-to-list-us1-1bn-in-bonds","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-studio-city-to-list-us1-1bn-in-bonds","title":{"rendered":"Macau: Studio City to list US$1.1bn in bonds"},"content":{"rendered":"\n

Studio City has announced it will list US$1.1bn in 5 per cent bonds due in 2029 on the Chongwa (Macao) Financial Asset Exchange.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Studio City International Holdings<\/strong>, a subsidiary of Melco Resorts and Entertainment Ltd, has announced it will\u00a0list US$1.1bn in fixed-rate, 5 per cent bonds<\/strong>\u00a0due in 2029 on the Chongwa (Macao) Financial Asset Exchange (MOX).<\/p>\n\n\n\n

Through a company filing, Studio City said the listing demonstrates the\u00a0company\u2019s confidence in the city\u2019s further development<\/strong>\u00a0as a world-recognised financial hub and tourism centre.<\/p>\n\n\n\n

The company said: “Following the first listing of senior notes issued by a subsidiary of Melco on the MOX in June 2021 and the Studio City Finance senior notes,\u00a0the aggregate amount of notes listed by the Melco group<\/strong>\u00a0will be the largest in Macau for any non-financial institution.”<\/p>\n\n\n\n

Studio City<\/a>\u00a0offered notes on the same terms in January<\/strong>,\u00a0<\/strong>when the company raised US$750m from the offering.<\/p>\n\n\n\n

According to Moody\u2019s Investors Service, Studio City hopes to\u00a0use the net proceeds to boost liquidity<\/strong>\u00a0and cash balance for the next months.<\/p>\n\n\n\n

Sean Hwang, Moody\u2019s assistant vice president and analyst, stated: \u201cThe tap issuance will boost Studio City Finance\u2019s good liquidity, giving it a\u00a0sufficient cash balance to cover its planned capital spending\u00a0<\/strong>over the next 12 months.\u201d<\/p>\n\n\n\n

Studio City\u00a0has recently received a\u00a0seven-month extension to finish its phase 2 expansion\u00a0<\/strong>at Studio City casino resort, putting the deadline back to December 27, 2022.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Studio City has announced it will list US$1.1bn in 5 per cent bonds due in 2029 on the Chongwa (Macao) Financial Asset Exchange.<\/p>\n","protected":false},"author":176,"featured_media":17774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Studio City, a subsidiary of Melco Resorts, has listed US$1.1bn in 5% bonds due 2029 on the Chongwa (Macao) Financial Asset Exchange (MOX). This debt issuance aims to bolster liquidity and fund capital expenditure, including the ongoing Phase 2 expansion of its integrated resort, reinforcing Macau's financial hub aspirations.","focusai_entities":"Studio City, Melco Resorts and Entertainment Ltd, Studio City International Holdings, Studio City Finance, Moody\u2019s Investors Service, Sean Hwang","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Debt-to-Equity?","query":"How will this US$1.1bn bond issuance, combined with the previous US$750m offering, impact Studio City's overall debt-to-equity ratio and its long-term financial leverage profile?"},{"label":"Phase 2 Funding Strategy?","query":"What specific components of the Studio City Phase 2 expansion are being funded by these bond proceeds, and what is the projected timeline for completion given the extended deadline?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,22113],"class_list":["post-20729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-studio-city"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=20729"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20729\/revisions"}],"predecessor-version":[{"id":20746,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20729\/revisions\/20746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17774"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}