Punters lined up for Galaxy Casino

Co-leads Merrill Lynch and Morgan Stanley are readying a dual tranche $500 million debut bond deal for Macau-based casino group Galaxy Casino. The extensive roadshow is slated to take off on Wednesday in Singapore (November 23). The deal will be the first overseas bond offering from a Macau-based issuer. Following Singapore, roadshows for the B1/B+ (S&P/Moody's) deal will then travel to Hong Kong on the 24th and 25th before heading overseas. It will be marketed to continental investors on the 28th and UK investors in London on the 29th before heading to the Philadelphia and New Jersey for the 30th. The deal will wrap up its East coast tour in New York on December 1 and Boston on the 2nd. West Coast and Midwest showcases will be held on the 5th and 6th, respectively. Pricing is expected in the second week of December.