{"id":777036669,"date":"2026-01-09T12:44:31","date_gmt":"2026-01-09T15:44:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777036669"},"modified":"2026-04-21T15:32:24","modified_gmt":"2026-04-21T18:32:24","slug":"macau-operator-sjm-to-issue-540m-senior-unsecured-notes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-operator-sjm-to-issue-540m-senior-unsecured-notes","title":{"rendered":"Macau operator SJM to issue $540m senior unsecured notes"},"content":{"rendered":"\n

The issuance will extend the maturity profile of the group’s debt.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings Ltd is preparing to issue US$540m in senior unsecured notes with a coupon rate of 6.5 per cent per annum and a maturity date of 2031. The company made the announcement in a filing today.<\/p>\n\n\n\n

SJM Holdings intends to list the US-dollar denominated notes on the Hong Kong Stock Exchange. The issuance will occur on Thursday, January 15, and holders of the notes will receive twice yearly interest payments on January 15 and July 15.<\/p>\n\n\n\n

Controlling shareholder Sociedade de Turismo e Divers\u00f5es de Macau SA (STDM) will subscribe to a portion of the new notes through a subsidiary. The terms of the notes were negotiated independently and aren’t backed by group assets.<\/p>\n\n\n\n

The casino operator is simultaneously buying back its outstanding 4.500 per cent senior notes (due January 27) using internal funding and proceeds from the new note issue.<\/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> SJM reports 91% profit drop in Q3<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The issuance will extend the maturity profile of the group’s debt.<\/p>\n","protected":false},"author":2395,"featured_media":32939,"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 Ltd is executing a debt refinancing strategy, issuing US$540 million in 6.5% senior unsecured notes due 2031 to extend its debt maturity profile. Concurrently, the Macau casino operator is buying back its outstanding 4.5% senior notes due January 27, utilizing both internal funding and proceeds from the new issuance. The new notes will be listed on the Hong Kong Stock Exchange, with controlling shareholder STDM subscribing to a portion.","focusai_entities":"SJM Holdings Ltd, Sociedade de Turismo e Divers\u00f5es de Macau SA (STDM)","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Debt Cost Impact","query":"What is the projected net impact on SJM Holdings' annual interest expense given the new 6.5% coupon rate versus the 4.5% notes being repurchased, and how does this align with current market interest rate trends for unsecured debt?"},{"label":"Capital Structure Evolution","query":"How does this debt refinancing initiative position SJM Holdings' capital structure for future growth or potential M&A activities within the Macau gaming vertical, particularly considering its controlling shareholder's subscription?"}],"footnotes":""},"categories":[16338,163],"tags":[29,25075,23108],"class_list":["post-777036669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-hong-kong-stock-exchange","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036669","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777036669"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036669\/revisions"}],"predecessor-version":[{"id":777036680,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036669\/revisions\/777036680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777036669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777036669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777036669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}