SJM mulls 1 billion yuan offshore bond sale next month: report

SJM Holdings (0880) is reportedly considering issuing offshore yuan-denominated bonds as soon as next month, with a three-year term, joining the latest fundraising wave of Hong Kong-listed companies.

The size would be at least 1 billion yuan (HK$1.09 billion), with the proceeds expected to fund development projects in Hengqin and for general corporate purposes, Bloomberg reported, citing sources.

The report noted that the bond plan is not yet finalized and details could change based on investor feedback. If it proceeds, this would mark the first yuan bond issuance by a Macau casino operator since Galaxy Entertainment Group (0027) sold such notes, known as dim sum bonds, in 2010.