SkyCity may sell $125M of bonds, following repayment of capital notes

Wed, 19 Aug 2015

By Tina Morrison Aug. 19 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, may sell as much as $125 million of bonds to repay bank debt. The Auckland-based company is considering offering $100 million of unsubordinated, unsecured, redeemable, fixed-rate, seven-year bonds, with the potential for $25 million of oversubscriptions, it said in a statement. SkyCity said last week that while it currently had enough debt funding to meet expected funding requirements until at least the start of 2018, it was...

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