22 October 2024: Wealth Product Ideas
Ticker and ISIN | MGMCHI 5 ⅞ 05/15/26 Corp (USG60744AB87) |
Issuer | MGM China Holdings Ltd. |
Country | China |
Currency | USD |
Industry | Gaming (BCLASS) |
Coupon rate | 5.875% |
Coupon frequency | Semi-annual |
Maturity | 05/15/2026 (CALL 10/31/[email protected]) |
Ratings | B1 (Moody’s) / B+ (S&P) / BB- (Fitch) / B+ (Composite) |
YTM | 6.043% |
Amount issued | 750,000,000 |
(Source: Bloomberg)
Ticker and ISIN | MPEL 5 ¾ 07/21/28 Corp (USG5975LAF34) |
Issuer | Melco Resorts Finance Ltd |
Country | China |
Currency | USD |
Industry | Gaming (BCLASS) |
Coupon rate | 5.750% |
Coupon frequency | Semi-annual |
Maturity | 07/21/2028 (CALL 11/20/[email protected]) |
Ratings | Ba3 (Moody’s) / BB- (S&P) / BB- (Composite) |
YTM | 6.796% |
Amount issued | 850,000,000 |
