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Philippines’ Melco Resorts to redeem up to PHP 6 billion of 5% notes
By Susanna Moon
Chicago, July 30 – Melco Resorts and Entertainment (Philippines) Corp. said it plans to redeem up to PHP 6 billion of the PHP 7.5 billion outstanding 5% fixed-rate corporate secured notes issued by subsidiary Melco Resorts Leisure (PHP) Corp.
The redemption was approved at a board meeting held Monday, according to a filing with the Philippine Stock Exchange.
Philippine National Bank – Trust Banking Group is the paying agent.
The notes were issued on Jan. 24, 2014.
The casino operator is based in Paranaque City, Philippines.
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