Macau casino concessionaire SJM Holdings Ltd is reportedly considering issuing offshore yuan-denominated bonds in October, with a three-year term.
The casino firm aims to raise at least CNY1 billion (US$140.6 million), its first public debt offering in four years, said financial news outlet Bloomberg, citing unidentified sources.
It is expected that proceeds from the offering will fund development projects in Hengqin and for general corporate purposes, according to the news outlet.
The firm’s flagship operations are Grand Lisboa, a casino hotel on Macau peninsula, and Grand Lisboa Palace, its large-scale resort in the city’s Cotai district. The firm also runs casino operations at Hotel Lisboa (pictured in a file photo).
SJM Holdings announced late last year a plan to acquire a commercial property on Hengqin island – a piece of Chinese mainland territory next door to Cotai – to provide extra hotel…
