Las Vegas Sands to sell $600 mln in bonds

Las Vegas Sands Corp (LVS.N), the world's largest casino company, has secured commitments to raise up to $600 million through the sale of exchangeable bonds, the company said on Wednesday.

The bonds will be "mandatorily exchangeable" into common shares of the company's Macau unit pending the unit's successful initial public offering on the Hong Kong Stock Exchange.

In a statement, Chairman and Chief Executive Officer Sheldon Adelson said the company expected the financing to be completed within "a matter of days."

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- Posted: 2009-09-02 11:42:33

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