SJM Holdings Seeks Up To HK$2 Billion Via Convertible Bond Issue-Term Sheet
September 24 2009 - 7:25AM
Dow Jones News
Macau casino operator SJM Holdings Ltd. (0880.HK) is selling up
to HK$2.0 billion worth of six-year convertible bonds, according to
a term sheet seen by Dow Jones Newswires Thursday.
The bonds can be converted into SJM shares at HK$5.13-HK$5.35,
representing 15%-20% discount to its closing price of HK$4.46
Thursday.
The company plans to use the proceeds for capital expenditures
on its developments in Macau and for general working capital.
Deutsche Bank (DB) is the bookrunner of the issue.
-By Jackie Cheung, Dow Jones Newswires; 852-2802-7002;
jackie.cheung@dowjones.com