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.
An artist's image of the Louis XIII hotel and casio, which is designed by New York architect Peter Marino.
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 on Thursday last week and a $38.7 million Hong Kong dollar-denominated CB that will be taken up by the Ontario Teachers’ Pension Plan. The OTPP also bought $130 million worth of CBs when the company...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222