SANDS CHINA (01928.HK): US$1bn Notes Priced at 6.400% for 2032 and 6.700% for 2033

NewTimeSpace News: On 28 October 2026, Sands China Ltd. (stock code: 1928) announced that on 27 October 2026 (New York time) it entered into a purchase agreement with Barclays Capital Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC, as representatives of the initial purchasers, for the issue of US$700 million 6.400% notes due 8 January 2032 and US$300 million 6.700% notes due 8 November 2033.

The 2032 notes were priced at 99.851% of principal and the 2033 notes at 99.954%, with an issue date of 3 November 2026. Net proceeds are estimated at about US$989 million.

The Company intends to use the net proceeds, together with cash on hand, to redeem in full the outstanding principal of, and accrued interest on, its US$700 million 2.300% notes due 8 March 2027, to repay the outstanding balance under the 2024 SCL revolving facility and for general corporate purposes including capital expenditure. The board believes the issue will extend the Company's debt maturity profile and further strengthen the Group's liquidity.

The notes have not been registered under the US Securities Act and will be offered only to professional investors that are qualified institutional buyers under Rule 144A and/or to non-US persons outside the United States under Regulation S; they will not be offered to the public in Hong Kong or placed with any connected persons. The Company will seek a listing on the Stock Exchange and has received an eligibility letter. Completion is expected on 3 November 2026 (New York time), subject to customary closing conditions.