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Galaxy in bond buy-back offer3 December 2008MACAO -- As reported by The Financial Times: "Galaxy Entertainment, the Macao casino operator, yesterday offered to buy back as much as $350m worth of bonds as it aims to lower interest payments amid a collapse in global credit markets. "The Hong Kong-listed company - which counts Permira, the UK-based private equity group, as a shareholder - said it would buy back all of its $250m guaranteed senior floating rate notes due 2010 for $530 per $1,000 in face value..." |