Macau SAR

Macau casino operator SJM Holdings generated a $10bn-plus book for its $1bn debut bond this week, despite tight pricing and the lack of US investors. Its credit profile, the transaction’s timing and a comprehensive marketing strategy worked in its favour.

Gaming company Wynn Macau benefitted from a revival in sentiment around the casino industry for its bond return on Tuesday. It raised $750m from a tap of its 5.625% 2028 notes.

Standard Chartered has relocated a veteran banker from Taiwan to take on the newly created job of chief executive officer for the Greater Bay Area.

Casino developer Wynn Macau has made a rapid return to the bond market for an $850m deal, riding on an uplift in sentiment following the slow easing of travel restrictions to the Asian gambling hub.

Melco Resorts Finance tapped its 5.75% 2028 notes on Tuesday, adding another $350m to the trade.

Melco Resorts Finance was forced to pay a premium to secure orders for its $500m bond this week amid a wider underperformance of recent casino deals.

Studio City Finance restructured its debt portfolio with a $1bn bond sale on Wednesday.

The People’s Bank of China and its Hong Kong and Macau counterparts jointly announced plans to establish a wealth management connect scheme this week. While short on details, the move marks another step towards opening up China's capital markets.

Hotel and casino operator Wynn Macau followed its gaming peers into the dollar bond market last Friday, but weaker market sentiment meant the borrower failed to tighten guidance on its $750m deal.

Macau casino operator MGM China Holdings raked in $500m from bond investors on Thursday.

China’s Powerlong Real Estate Holdings has closed a $200m-equivalent loan with three banks.

Macau casino operator SJM Holdings is in talks with lenders for covenant waivers on a HK$25bn ($3.2bn) facility, as it faces delays over opening a new resort in Asia’s gambling hub.