Macau casino concessionaire SJM Holdings Ltd is reportedly considering issuing offshore yuan-denominated bonds in October, with a three-year term. The firm’s flagship operations are Grand Lisboa, a casino hotel on Macau peninsula, and Grand Lisboa Palace, its large-scale resort in the city’s Cotai district. The firm also runs casino operations at Hotel Lisboa (pictured in a file photo). Bloomberg said in its report that SJM Holdings’ bond plan was not yet finalised, and details could change based on investor feedback. On Monday, Moody’s Ratings affirmed the ‘Ba3’ corporate family rating of SJM Holdings, but changed the firm’s outlook to ‘negative’ from ‘stable’.