Sands China, a unit of Las Vegas Sands Corp. (LVS: 19.28 0.00%), is seeking to sell down the $1.75 billion loan acquired in November in order to restart stalled construction on three hotel projects in Macau.

The gaming company had to halt construction in 2008 as credit markets froze and revenue growth in the casino center slowed.

According to a Bloomberg report, Barclays Plc, Goldman Sachs Group Inc., BNP Paribas SA, Citigroup Inc. and UBS AG are assisting Sands and some commitments have already been received.

Depending on what currency is chosen, the casino operator is expected to pay approximately 499 basis points over the offered rate by London interbank or the Hong Kong interbank on the five year loan.

Sands China holds the second largest market share in Macau and completion of the 6,000 room Cotai Strip project is expected to help create the “critical mass” needed to attract business conventions and tourists.

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