Crown Resorts states interest on subordinated notes

Sep 15, 2014 Newsdesk Industry Talk, Latest News, World  

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Australian casino operator Crown Resorts Ltd on Monday said it expects to pay interest of AUD1.91 (US$1.72) per Crown subordinated note at the next interest payment date, which falls on December 15.

The payment will cover the period from and including September 15, 2014, up to but excluding December 15, 2014.

The interest rate on the notes is 7.6467 percent per annum, the company said in a filing to the Australian Securities Exchange.

Crown Resorts said on Friday in a separate filing to the Australian stock exchange that it had had a 33.6 percent equity interest in Macau casino developer and operator Melco Crown Entertainment Ltd as of June 30.

Crown Resorts added then that its share of a Melco Crown dividend announced for the quarter ending June 30 would be US$14.5 million.

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