SkyCity preparing six-year New Zealand dollar deal

On 30 April, SkyCity Entertainment (BBB-) revealed plans for a NZ$125-175 million (US$90.5-126.7 million) six-year transaction. Offered to institutional and New Zealand retail investors, the margin will be set following a bookbuild in the week beginning 10 May. Westpac Banking Corporation New Zealand Branch is arranger and joint lead manager alongside ANZ, Commonwealth Bank, Craigs Investment Partners, Forsyth Barr and Jarden Securities.