AGP Executive Report
Last update: 9 hours agoCorporate Finance: Sands China priced US$1 billion in notes, including US$700 million at 6.4% due in 2032 and US$300 million at 6.7% due in 2033. Proceeds will help redeem US$700 million of 2027 debt and repay a credit facility. Cross-Border Business: Guangdong launched online registration for Hong Kong and Macao investors setting up companies in the Greater Bay Area’s nine mainland cities. The province has 15,000 Macao-funded firms. Tourism and Gaming: Macao visitor arrivals rose 8.5% through September, while gaming revenue increased 3.2%. Six casino operators have also pledged MOP9 billion to the government’s MOP20 billion diversification fund. Retail: Chow Tai Fook’s Hong Kong and Macao same-store sales grew 29.6% in the September quarter, including 47.3% growth in Macao, offsetting a 5.3% decline in mainland China. Aviation: IATA’s World Financial and Passenger Symposiums in Macao focused on digital payments, AI and digital identity as tools to improve passenger journeys and airline finances.
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