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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Sands China Ltd.    1928   KYG7800X1079

SANDS CHINA LTD.

(1928)
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Sands China to Raise US$1.5 Billion via Issuance of Senior Notes

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06/02/2020 | 05:52pm EDT

By P.R. Venkat

Sands China Ltd. will raise US$1.5 billion through issuance of two senior notes, proceeds of which will be used to shore up its balance sheet.

The casino operator plans to raise US$800 million through notes that are due in 2026, Sands China said Wednesday. The notes that mature on January 8, 2026 will carry an interest rate of 3.80% per annum.

Separately, the company will also raise another US$700 million through 10-year notes carrying an annual interest rate of 4.375%.

"The company intends to use the net proceeds from the notes for incremental liquidity and general corporate purposes," Sands China said.

Sands said that it has a strong balance sheet and sufficient liquidity in place to fund its operations for next 12 months in the current operating environment caused by the Covid-19 pandemic.

"It is unknown when or how quickly the current travel restrictions will be modified or cease to be necessary and the resulting impact on the willingness of Sands China's customers to spend on travel and entertainment," the casino operator said.

Goldman Sachs, Bank of America Securities and Barclays advised Sands China on the notes issuance.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -2.62% 22.5999 Delayed Quote.-34.41%
BARCLAYS PLC -1.96% 112.1699 Delayed Quote.-36.32%
LAS VEGAS SANDS CORP. -3.97% 44.06 Delayed Quote.-33.94%
SANDS CHINA LTD. -1.14% 30.45 End-of-day quote.-26.89%
THE GOLDMAN SACHS GROUP, INC. -3.41% 196.49 Delayed Quote.-12.04%
THE NEW HOME COMPANY INC. -1.53% 3.195 Delayed Quote.-29.83%
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Financials (USD)
Sales 2020 5 038 M - -
Net income 2020 50,3 M - -
Net Debt 2020 4 877 M - -
P/E ratio 2020 5 936x
Yield 2020 0,54%
Capitalization 246 B 31 782 M -
EV / Sales 2019
EV / Sales 2020 49,9x
Nbr of Employees 28 732
Free-Float 30,1%
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Technical analysis trends SANDS CHINA LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 4,97 $
Last Close Price 30,45 $
Spread / Highest target -81,1%
Spread / Average Target -83,7%
Spread / Lowest Target -90,1%
EPS Revisions
Managers
NameTitle
Sheldon Gary Adelson Chairman & Chief Executive Officer
Ying Wai Wong President & Executive Director
Kwan Lock Chum Chief Operating Officer
Min Qi Sun Chief Financial Officer & Senior Vice President
Victor Patrick Hoog Antink Independent Non-Executive Director
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EVOLUTION GAMING GROUP AB134.40%13 001
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WYNN MACAU, LIMITED-28.85%9 160