SJM to raise about $197m through HK$ and MOP note issue

SJM Holdings said it expects to raise net proceeds of HK$1.24 billion ($159.6 million) and MOP298 million ($37.2 million) from an issue of senior notes in Hong Kong and Macau. The notes will carry interest of 3.9 percent.

The company plans to use the majority of the proceeds to refinance existing debt.

Company statement