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Macau casino operator looks for renminbi bond debut
December 07, 2010
Galaxy Entertainment Group has kicked an offshore renminbi bond sale this week, marking it as potentially the first high yield name to close a ‘dim sum’ bond.
Casino operator group Galaxy Entertainment Group has hopes to raise around Rmb1 billion-worth (US$250 million) of renminbi-denominated 'dim sum' bonds in Hong Kong by the end of this week.
If the deal closes as expected by December 10...
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