Press Release – Bell Gully Bell Gully is advising SkyCity Entertainment Group on its retail bond offer of up to NZ$125 million (with the ability to accept oversubscriptions of up NZ$50 million) of 6 year, unsecured, unsubordinated, fixed rate bonds to institutional investors …
Bell Gully is advising SkyCity Entertainment Group on its retail bond offer of up to NZ$125 million (with the ability to accept oversubscriptions of up NZ$50 million) of 6 year, unsecured, unsubordinated, fixed rate bonds to institutional investors and New Zealand retail investors.
The offer is expected to open on 10 May 2021 and close on 14 May 2021. The bonds have been assigned a BBB- rating by S&P Global Ratings.
Press Release – Bell Gully
Bell Gully is advising SkyCity Entertainment Group on its retail bond offer of up to NZ$125 million (with the ability to accept oversubscriptions of up NZ$50 million) of 6 year, unsecured, unsubordinated, fixed rate bonds to institutional investors and New Zealand retail investors.
The offer is expected to open on 10 May 2021 and close on 14 May 2021. The bonds have been assigned a BBB- rating by S&P Global Ratings.
The Bell Gully team was led by corporate partner Chris Goddard and financial services partner David McPherson, supported by senior associate Philip Leightley and solicitors Lily Maclean and Kelsey Pepper.
Jarden Brief: Discovery stock hit by Reddit-fuelled short squeeze
3 May, 2021 08:12 PM
6 minutes to read
Reddit continues to have an impact on the stock market. Photo / Getty Images
NZ Herald
New Zealand The NZX50 was in the green ahead of a busy earnings season, closing 0.3 per cent higher.
All sectors except healthcare (-1.2 per cent) were up on the close. Financials led the way, rising 3.5 per cent.
The best performers of Monday s session were Westpac Banking Corp (+5.3 per cent to $28.28), media services provider Sky Network Television (+3.5 per cent to $0.18) and Oceania Healthcare (+3.0 per cent to $1.39). The retirement village operator shared today that it will announce its results for the 10 months leading up to 31 March 2021 on 21 May 2021.
SkyCity Entertainment to seek $125m in bond issue
30 Apr, 2021 12:30 AM
3 minutes to read
SkyCity s new VIP area. Photo / Supplied
Casino giant SkyCity Entertainment Group wants to raise $125 million via a bond issue and says earnings will be well below pre-pandemic levels.
The gaming, entertainment and hospitality business has released an offer document showing how it can receive an additional $50m, taking the offer up to $175m if it decides to. SkyCity has announced an offer of up to $125 million, with the ability to accept over-subscriptions of up to an additional $50 million at SkyCity s discretion, of six-year, unsecured, unsubordinated, fixed-rate bonds maturing on May 21, 2027 to institutional investors and New Zealand retail investors, it said.
April 30, 2021
In New Zealand and casino operator SkyCity Entertainment Group Limited is reportedly hoping to raise up to $90 million via the launch of a new bond offer so as to boost its liquidity in the wake of the coronavirus pandemic.
According to a report from Inside Asian Gaming, the Wellington and Sydney-listed company is responsible for New Zealand’s SkyCity Auckland, SkyCity Hamilton and SkyCity Queenstown properties and recently spent in the region of $243 million to renovate its SkyCity Adelaide venue in Australia. The source detailed that the bond scheme also contains an up to $36 million over-subscription option and has been launched after the company was last spring forced to completely shutter its trio of domestic operations for just over seven weeks owing to concerns associated with coronavirus.