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MGM 4.75% 02/27 Bond

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Price
Yield

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Bond Description

Current Coupon

4.75%

Maturity Date

01/02/2027

Credit Risk

High

Currency

USD

Seniority

Senior Unsecured

Coupon Type

Fixed-Fixed (For Life)

Country

MAC

Industry Type

Lodging

Callable

Yes

Perpetual

Guarantor

None

Bond RatingsBB-

Issuer Rating¹

BB-

Last Rating Action

Affirmed on 2025-03-20

Issuer Rating Watch/Outlook

Rating Outlook Stable

Issue Rating²

BB-

Last Rating Action

Affirmed on 2025-03-20

Issuer Rating Action History

25/03/2024

BB-

New Rating

Rating Outlook Stable

16/07/2021

Withdrawn

16/07/2021

BB-

Affirmed

Rating Outlook Negative

Yield Analysis

Yield³

5.94

Yield to Call

558.15

Z Spread (bps)

207.7

Duration

1.55

Next Coupon Date

01/02/2022

Accrued Interest

1.57

Next Call Date

08/06/2025

Next Call Price

101.19

Liquidity

Liquid

Next Reset Date

Not Applicable

Reset Index (Current Level)

Not Applicable

Spread

Not Applicable

Reset Index

Not Applicable

Bond Additional Information

ISIN Code

USG60744AG74

Registration Type

Regulation S

Amount Issued

750,000,000

Amount Outstanding

750,000,000

Issue Date

31/03/2021

Issue Price

99.97

Coupon Frequency

Day Count

ISMA-30/360

Redemption Value

100

Min. Denomination

200,000

Footnotes:
¹ Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
² Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
³ Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.
Last traded data sourced from BondCliQ.