Melco Crown unit seeks $265 million towards Philippine casino

Melco Crown (Philippines) will start accepting orders today with sources saying anchor demand is already exceeding the total deal size.
<div style="text-align: left;"> Melco's City of Dreams </div>
<div style="text-align: left;"> Melco's City of Dreams </div>
April 15, 2013

Melco Crown (Philippines) Resorts Corp has set the price range for its fully-marketed top-up placement at Ps11 to Ps14 per share, which will allow it to raise between Ps10.79 billion and Ps13.74 billion ($265 million to $337 million) before any potential exercise of the overallotment option.

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