Melco lists senior notes on Macau exchange to support local industry
Integrated resort operator Melco Resorts and Entertainment has announced the listing of its 5.375% senior notes due 2029 on the Chongwa (Macao) Financial Asset Exchange.
The listing and trading of the notes, which was authorised by the Macau exchange, is effective as of today (29 June), and is designed to support the development of Macau's finance industry.
Melco Resorts Finance issued the notes in December 2019 and January 2021.
"Today, we are pleased to back the local financial industry through our newly announced senior notes listing on the MOX as a solid confirmation of our support to the government’s directions on the diversified development of Macau, as well as our further contribution to the city’s continued development as a world financial and tourism hub," said Lawrence Ho, chairman and CEO of Melco.
Melco currently operates integrated resorts Altira and City of Dreams in Macau.
Ho added, “As one of the region’s leading integrated resorts developer and operator, we gladly support the diversified development of local Macau industries through our wide-reaching series of corporate social responsibility initiatives."
Melco reported a decrease in revenue in Q1, after the novel coronavirus (Covid-19) pandemic