Melco PBL to raise US$592 mln via ADS -term sheet

HONG KONG, Oct 31 (Reuters) - Casino operator Melco PBL Entertainment (Macau) Ltd (MPEL.O: Quote, Profile, Research, Stock Buzz) is selling 37.5 million American Depositary Shares (ADS) to raise about US$592 million with a 15 percent over-allotment option, according to a term sheet.

It will be priced with reference to the closing prioce of MPEL's shares on Oct. 31.

The term sheet said the post deal market capitalisation of the company would be US$6.6 billion.

UBS AG, Deutsche Bank Securities Inc and Citigroup Global Markets Inc are underwriters.

Earlier this month, the company filed with U.S. regulators to raise up to $800 million via ADS.