Champion Moments Limited’s MOP300 Million Notes Offering

Maples and Calder acted as British Virgin Islands legal counsel to Champion Moments Limited. Latham & Watkins LLP acted as the U.S. law counsel and C&C Advogados acted as the Macau law counsel for the Issuer and Guarantor, King & Wood Mallesons acted as the U.S. law counsel and Manuela António – Lawyers and Notaries acted as the Macau law counsel for the initial purchasers.

Macao gaming operator SJM Holdings (SJMH) has announced that its wholly-owned subsidiary Champion Moments Limited has successfully issued senior notes in the Macao bond market in the amounts of MOP 300 million, guaranteed by SJMH.

According to the statement, the senior notes, which beat interest at 3,90 per cent and have their final maturity in 2026, were told to professional investors, and are being listed on Chongwa (Macao) Financial Asset Exchange (MOX).

The issue was led by the Macao branch of Industrial and Commercial Bank of China (ICBC), Macao branch of Bank of China (BOC) and BNP Paribas as joint global coordinators and joint bookrunners, and Banco Nacional Ultramarino (BNU), Macao branch of Bank of Communications (BOCOM), Macao branch of China Construction Bank Corporation (CCBC) and Bank of East Asia (BEA) as joint bookrunners, according to the statement.

The Maples and Calder team comprised of partner Lorraine Pao (Picture) and associate Alicia Phang. 

Involved fees earner: Lorraine Pao – Maples and Calder; Alicia Phang – Maples and Calder;

Law Firms: Maples and Calder;

Clients: Champion Moments Limited;

Author: Sonia Carcano