Louis XIII raises $133.5 million for Macau project

The equity/CB deal comes on the back of a $411 million capital raising in January and will go towards the funding of an ultra-luxury casino and hotel project on the Cotai strip.

Louis XIII raises $133.5 million for Macau project
An artist's image of the Louis XIII hotel and casio, which is designed by New York architect Peter Marino.

Louis XIII Holdings, the company that was formed early this year and is in the process of developing a highly exclusive boutique casino and hotel in Macau, has raised an additional $133.5 million towards the funding of the project through a combined sale of equity and zero-coupon convertible bonds.

The deal includes a share placement of about HK$735 million $94.6 million that was sold to investors through an accelerated bookbuild after the market closed...

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