SkyCity bonds priced at bottom end of interest rate range

Wed, 02 Sep 2015

By Paul McBeth Sept. 2 (BusinessDesk) - SkyCity Entertainment Group, the country's only listed casino operator, will sell $125 million of seven-year bonds paying annual interest of 4.65 percent, the bottom end of the indicative price range. The Auckland-based company completed a bookbuild for the offer of unsubordinated, unsecured debt today, accepting $25 million of oversubscriptions, it said in a statement. The bonds have been reserved for clients of the participants in the bookbuild, with the offer opening tomorrow and closing on Sept....

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