Rochester, NY 8/6/2009 8:05:19 PM
Las Vegas Sands Corp, LVS - Targets $400M Short-Term Bond Sale
LAS VEGAS SANDS CORP
LAS VEGAS SANDS CORP, LVS
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Las Vegas Sands, the world's largest casino firm, is seeking $400 million in short-term funding to help boost cash and restart construction of its stalled resort in Macau, local media reported on Saturday.
The company controlled by U.S. billionaire Sheldon Adelson is offering convertible bonds with interest of up to 16 percent to hedge funds and pension fund managers, South China Morning Post said, citing people who saw documents prepared by investment bank Goldman Sachs.
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