Universal Entertainment Corp will list $600 million-worth of notes on the bond market with effect from Tuesday morning.
The company will use the proceeds to repay its existing short-term debt and to go towards constructing and developing its Manila Bay Resorts property.
The notes will be quoted and traded in U.S. dollars and be in denominations of $250,000 and multiples of $1. The notes will yield interest of 12 percent and are due in 2020.
Deutsche Securities will be the lead manager and bookrunner of the bonds.
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