Monday, July 30, 2007

Melco PBL Hires Merrill Lynch to Sell $200 Million of Exchangeable Bonds

(Bloomberg) -- Melco PBL Entertainment (Macau) Ltd.,
a Macau casino venture between Lawrence Ho and Australian
billionaire James Packer, plans to raise $200 million selling
bond exchangeable into its shares, according to a sale document.

The Nasdaq-listed company plans to allow investors to
convert the bonds into its American depositary receipts at a
premium of between 40 percent and 50 percent to the closing price
of $12.28 on July 27, the document, which was sent to investors,
shows.


Read more at Bloomberg Bonds News

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