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

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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