Slaughter and May advised Sands China Ltd. in relation to its issue of US$5.5 billion senior notes

Slaughter and May, Hong Kong, has advised Sands China Ltd. (Sands China) in relation to its issue of US$5.5 billion senior notes listed on the Hong Kong Stock Exchange, comprising US$1.8 billion 4.6000% senior notes due 2023, US$1.8 billion 5.125% senior notes due 2025 and US$1.9 billion 5.400% senior notes due 2028.

The joint bookrunning managers in respect of the senior notes issue are Barclays Capital Inc., Goldman Sachs & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

The ‘professional investors only’ senior notes are listed on the Hong Kong Stock Exchange. This is the first-ever issue of debt securities by Sands China.

Sands China is listed on the Main Board of the Hong Kong Stock Exchange and a subsidiary of Las Vegas Sands Corp., a company listed on the New York Stock Exchange. Headquartered in Macao, Sands China is the leading developer, owner and operator of large-scale Integrated Resorts in Macao. In 2017, Sands China served over 92 million leisure and business visits at its properties on Cotai and on the Macao peninsula. Sands China developed, owns and operates The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Sands Macao. Sands China also owns Cotai Expo, one of the largest convention and exhibition centers in Asia, as well as Macao’s largest entertainment venue, the Cotai Arena. Sands China properties collectively feature over 12,500 luxury suites and hotel rooms, nearly 150 different restaurants and food outlets, spas and theaters for live performances, as well as other integrated resort amenities.

Jason Webber Partner
Justin Chan Associate
Kevin Tso Associate