SJM concludes dual issue in local bond market
Monday 17 de May 2021 / 09:24
2 minutos de lectura
(Macau).- SJM Holdings has announced that the gaming operator’s wholly-owned subsidiary Champion Moments Limited issued Senior Notes in the SAR bond market, amounting to 1.25 billion Hong Kong dollars and 300 million patacas.
The 3.9 per cent interest rate notes were sold to professional investors, and are being listed on Chongwa (Macao) Financial Asset Exchange Co., Ltd.(the “MOX”), according to press release by SJM Holdings, which added that the notes’ final maturity will be 2026.
The Senior Notes’ proceeds are to be used to refund existing debt and for SJM’s general corporate purposes. “The success of our pioneering issue demonstrates that non-financial companies with operations in Macau can raise notes and bonds in the Macau market”, said Daisy Ho, SJM Holdings’ Chairman and Executive Director, as quoted in the press release.
“The dual issue marks the first time that a major tourism business in Macau has issued debt instruments for listing on MOX”, the statement added.
The group controlled by Stanley Ho’s family is gearing up for the opeining of their Cotai first casino-resort Grand Lisboa Palace, which is “undergoing final inspections”.
The Senior Notes’ proceeds are to be used to refund existing debt and for SJM’s general corporate purposes. “The success of our pioneering issue demonstrates that non-financial companies with operations in Macau can raise notes and bonds in the Macau market”, said Daisy Ho, SJM Holdings’ Chairman and Executive Director, as quoted in the press release.
“The dual issue marks the first time that a major tourism business in Macau has issued debt instruments for listing on MOX”, the statement added.
Categoría:Gaming
Tags: Sin tags
País: Macao
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