Sands China raises $1 billion in two-tranche notes to retire 2027 bonds early

The Macau arm of Las Vegas Sands confirmed the final terms in an inside information announcement to the Hong Kong Stock Exchange on Wednesday. It signed the purchase agreement on October 27, New York time, with Barclays Capital, BofA Securities and Goldman Sachs acting as representatives for a wider group of initial purchasers that includes several Macau bank branches. The larger tranche is $700 million of 6.400% notes maturing on January 8, 2032, sold at 99.851% of face value. The second is $300 million of 6.700% notes running to November 8, 2033, priced at 99.954%.