Hong Kong’s SJM Holdings plans Hong Kong dollar, Macau pataca notes

By Rebecca Melvin

Concord, N.H., May 5 – SJM Holdings Ltd. plans to issue senior notes, denominated in Hong Kong dollars and Macau patacas, the currency of Macau, according to an announcement on Wednesday.

The Regulation S notes will be issued by Champion Moments Ltd., a wholly owned subsidiary of SJM, and listed on Macau’s exchange, Chongwa (Macao) Financial Asset Exchange Co. Ltd.

Industrial and Commercial Bank of China (Macau) Ltd., Bank of China Ltd., Macau Branch and BNP Paribas have been appointed as joint global coordinators of the offering, and Banco Nacional Ultramarino SA, Bank of Communications Co. Ltd. Macau Branch, China Construction Bank Corp. Macau Branch and the Bank of East Asia Ltd. have been appointed as joint bookrunners for the deal.

Proceeds are earmarked for refinancing the company’s syndicated credit facilities and for general corporate purposes.

The Hong Kong-based investment holding company is principally engaged in casino gaming businesses.

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