{"id":777032248,"date":"2025-09-26T03:11:31","date_gmt":"2025-09-26T06:11:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777032248"},"modified":"2026-04-21T18:46:38","modified_gmt":"2026-04-21T21:46:38","slug":"sjm-holdings-reportedly-plans-public-debt-offering-to-fund-zhuhai-project","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-reportedly-plans-public-debt-offering-to-fund-zhuhai-project","title":{"rendered":"SJM Holdings reportedly plans public debt offering to fund Zhuhai project"},"content":{"rendered":"\n

SJM Holdings is reportedly planning its first public debt issue in four years.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings is reportedly planning to sell its first public debt in four years. Bloomberg has reported that, according to unnamed sources, the casino operator\u00a0aims to issue, next month, bonds in offshore yuan to raise at least CNY1bn (US$141m). <\/p>\n\n\n\n

It reportedly plans to use the funds raised for development projects in Hengqin and for general corporate purposes, subject to investor demand. In July<\/a>, the casino operator bought a commercial property next to the Hengqin Portfor CNY724m. The plan is to convert it into a three-star hotel and lifestyle complex featuring residential, retail and office facilities.<\/p>\n\n\n\n

Dim sum bonds have become popular, especially among tech companies, because they often cost less than dollar bonds due to lower Chinese interest rates. So far this year, companies have issued US$50.4bn in such bonds, according to Bloomberg.<\/p>\n\n\n\n

Fitch downgrades SJM Holding<\/h2>\n\n\n\n

Credit ratings agency\u00a0Fitch\u00a0recently revised the outlook for SJM Holdings\u2019 Long-Term Foreign-Currency Issuer Default Rating (IDR) from stable to negative due to uncertainty about how the casino operator will reduce its debt. It affirmed a \u2018BB-\u2018 IDR and senior unsecured rating and a \u2018BB-\u2018 rating for the outstanding notes of subsidiary, Champion Path Holdings Limited.<\/p>\n\n\n\n

According to SJM\u2019s latest financial report, the Grand Lisboa Palace (GLP) resort is not increasing its earnings and cash flow as quickly as expected, Fitch says. It said that if operations weaken further, it may lead to a lower rating.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Fitch downgrades SJM Holding<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

SJM Holdings is reportedly planning its first public debt issue in four years.<\/p>\n","protected":false},"author":176,"featured_media":25400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings is reportedly planning its first public debt issue in four years, aiming to raise at least CNY1bn (US$141m) via offshore yuan bonds for development projects in Hengqin and general corporate purposes. This comes as Fitch Ratings recently revised SJM's Long-Term Foreign-Currency Issuer Default Rating (IDR) outlook from stable to negative, citing uncertainty regarding debt reduction and slower-than-expected earnings growth from the Grand Lisboa Palace resort.","focusai_entities":"SJM Holdings, Bloomberg, Fitch, Champion Path Holdings Limited, Grand Lisboa Palace","focusai_location":"Macau, Hengqin","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Bond Terms & Market Impact?","query":"What are the specific terms and interest rates anticipated for SJM's offshore yuan bond issuance, and how do they compare to recent market benchmarks for similar debt instruments?"},{"label":"Fitch Downgrade Implications?","query":"How does Fitch's negative outlook revision impact SJM's cost of capital for future financing, and what specific operational improvements are required to stabilize its Issuer Default Rating?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24619,23108],"class_list":["post-777032248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-finance","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777032248"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032248\/revisions"}],"predecessor-version":[{"id":777032255,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032248\/revisions\/777032255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25400"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777032248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777032248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777032248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}