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Hong Kong Hires Banks for Digital Green Bonds Issuance

Hong Kong Hires Banks for Digital Green Bonds Issuance
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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GGRAsia – Grand Lisboa Palace backer SJM taps circa US$1bln in notes


Macau casino operator SJM Holdings Ltd said on Thursday that it expected to raise approximately US$991 million net, via an offering of two tranches of U.S.-dollar denominated senior notes, due respectively in 2026 and 2028. The firm also said it would seek a listing of the notes on the Hong Kong Stock Exchange.
About 90 percent of the money to be raised, is to refinance loans linked to the group’s HKD39-billion (US$5.0-billion) Cotai resort, Grand Lisboa Palace. In its third-quarter earnings summary, issued in October, the casino group mentioned the possibility of Grand Lisboa Palace opening “during the first quarter of 2021”. ....

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