SkyCity concludes bookbuild process for bond offer

SkyCity Entertainment Group announced that the bookbuild for its offer of seven year bonds has been successfully concluded. 

The company said $125 million has been reserved for clients of participants in the bookbuild process who have received firm allocations. This includes over-subscriptions of $25 million. 

The interest rate for the Bonds, which are unsubordinated, unsecured, redeemable and fixed rate, has been set at 4.65 percent per annum. 

“Early bird interest will be paid at this interest rate in respect of accepted applications under the Offer within seven business days of the issue date. Investors are therefore encouraged to lodge their applications as soon as possible to take advantage of this.”

The offer will open September 3 and is scheduled to close on September 22. 

 

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