SkyCity launches six-year New Zealand dollar deal

On 10 May, SkyCity Entertainment Group (BBB- by S&P) launched its NZ$125-175 million (US$91.1-127.6 million), six-year, senior-unsecured transaction. The forthcoming deal has indicative margin of 170-190 basis points over mid swap. The rate set date is scheduled for 14 May following a bookbuild.