Wednesday, October 05, 2022

Genting to raise $3.2b in yen-denominated bonds


Genting Singapore has announced that it will be issuing yen-denominated bonds in Japan, even as it continues to maintain public silence about its IR licensing campaign in the country.

According to a recent press release, a maximum amount of JPY350 billion ($3.2 billion) in bonds will be offered between October 16, 2019, and October 15, 2021, to “be utilized by the Japan branch as necessary from time to time for working capital and general corporate purposes in Japan.”

Nevertheless, Genting remains by far the most secretive of the IR operators in Japan, refusing cooperation with journalists and engaging in minimal exchanges with the Japanese public. Genting is, however, reported to be among the major IR operators participating in RFI and RFC processes in various locations, including Yokohama and Osaka.

 

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