Studio City hits jackpot with bond demand

The Macau casino operator withstands a period of sharp volatility in the global bond markets to sell a $1.2 billion bond.

Studio City hits jackpot with bond demand

Macau casino Studio City returned to international bond markets in style on Thursday, selling the largest Asian high yield corporate bond this year.

The company sold a $350 million three-year bond and an $850 million five year non-call two year bond. Between them, these two tranches got around $2.5 billion of demand.

The deal ticked a number of boxes for those bankers looking for a win as the year ends with a...

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