MGM Mirage launches two-part note sale - IFR

NEW YORK, May 13 (Reuters) - MGM Mirage (MGM.N: Quote, Profile, Research) on Wednesday launched a two-part note sale, with pricing expected later on Wednesday, said IFR, a Thomson Reuters service.

The sale includes a five-year note issue with a size of $500 million to $600 million and is expected to yield about 11.125 percent with an offered an initial discount, or OID, of two cents on the dollar.

It also includes an 8.5-year note issue with a size of $900 million to $1 billion and is expected to yield about 11.625 percent with an OID of two cents on the dollar. (Reporting by Caryn Trokie; Editing by Dan Grebler)