Tuesday, May 28, 2024
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SJM plans HKD and MOP-denominated note issue


SJM Holdings said it plans to raise funds through an issue of Hong Kong-dollar and Macau-pataca-denominated notes to refinance existing debt.

The company said the size of the note issue has not yet been determined. It added that the notes would extend the maturity profile of its debt and reduce secured indebtedness.

Macau is trying to boost its profile as a financial centre in an effort to diversify its economy away from gaming.

SJM company statement

Sharon Singleton
Sharon Singletonhttps://agbrief.com/about-asia-gaming-brief/
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.