Thursday, June 20, 2024 - Login

Genting Malaysia issues $566 million in notes

Genting Malaysia announced that its subsidiary, GENM Capital, has issued MYR2.40 billion ($566.1 million) in notes as part of the company’s Medium-Term Notes Programme.

The proceeds will finance “operating expenses, capital expenditure and/or working capital requirements of Genting Malaysia including to finance the development and/or redevelopment of the properties of Genting Malaysia located in Genting Highlands, Pahang, Malaysia,” the company said in a filing.

The notes will be issued in two tranches of MYR1.1 billion and MYR1.3 billion with a tenure of issue of 5 years and 10 years, respectively.

CIMB Investment Bank Berhad and Maybank Investment Bank Berhad are the joint principal advisers and joint lead arrangers for the MTN Programme, which has an aggregate nominal value of MYR5 billion.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief