UPDATE 1-SRE to raise $145 mln via bonds,shares-term sheets

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HONG KONG, June 29 (Reuters) - Real estate company SRE Group (1207.HK) aims to raise a total of about $145 million via a bond issue and share sale, according to two separate term sheets.

SRE plans to sell 550 million yuan ($80.48 million) worth of U.S. dollar convertible bonds due in 2014, raising capital to repay debt. Credit Suisse and Deutsche Bank are the joint book runners, a term sheet said.

The company also plans to sell up to 500 million new shares at HK$0.94-HK$1.00 per share to raise up to $64.5 million, according to another term sheet.

The issue price represents a discount of 6.5 to 12.1 percent to the last traded price of HK$1.07 prior to a trading suspension on Monday afternoon.

SRE Group, which also operates telecommunications broadband networks, said trading of its shares was suspended on Monday afternoon pending a statement regarding the share sale and convertible bond issue.

Shares of the company, which have risen more than 115 percent so far this year, fell 4.5 percent on Monday prior to the suspension. (US$1=HK$7.75=6.834 yuan) (Reporting by Donny Kwok; editing by Ken Wills and Chris Lewis)