Melco Crown halves coupon payments with $1 billion bond

The $1 billion bond is the biggest single-B high-yield bond out of Asia.

<div style="text-align: left;">Gaming tables at Melco's Altira Macau casino</div>

Denise Wee

January 31, 2013

Casino company Melco Crown Entertainment tapped the dollar bond market late Tuesday with a $1 billion high-yield bond that enabled the company to halve its coupon payments.

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