MANILA, Philippines—Tourism and gaming firm Travellers International Hotel Group Inc., a joint venture between the group of tycoon Andrew Tan and Malaysia’s Genting Group, successfully debuted in the global bond market with a $300-million bond float.
The seven-year international bond issue carried a coupon of 6.9 percent, the lowest ever bond yield achieved by an Asian gaming firm. It also broke record for having the lowest coupon rate among unsecured US dollar bond offerings from gaming companies globally.
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