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Wynn Macau ( (HK:1128) ) has provided an update.
Wynn Macau announced the issuance of US$1 billion in senior notes due in 2034, with net proceeds estimated at approximately US$989 million. The funds will be used for general corporate purposes, including debt repayment. The issuance is aimed at professional investors, and the company has applied for listing the notes on the Stock Exchange. This move is expected to strengthen Wynn Macau’s financial position and provide flexibility in managing its existing debt obligations.
The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.
More about Wynn Macau
Wynn Macau is a prominent player in the hospitality and gaming industry, primarily focusing on luxury casino resorts. The company operates in the highly competitive Macau market, known for its significant contribution to the global gaming revenue.
Average Trading Volume: 13,912,280
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.91B
Learn more about 1128 stock on TipRanks’ Stock Analysis page.