SkyCity looks to raise $50m from capital note sale

SkyCity Entertainment Group, the trans-Tasman casino operator, is looking to raise up to $50 million from a capital note sale.

The company is selling the notes from its treasury stock, and will pay 7.25% per annum in quarterly repayments. The notes will mature in May 2015.

First NZ Capital has been appointed to manage the offer.

SkyCity’s shares rose 1.4% to $2.96 in trading today.

Businesswire.co.nz

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