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Genting Malaysia confirms debt listing of GENM Capital Labuan

Genting Malaysia confirms debt listing of GENM Capital Labuan
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Genting Malaysia prices US$1bil notes to raise cash

’s wholly-owned subsidiary GENM Capital Labuan Ltd had on April 12 priced its US$1bil (RM4.14bil) 3.882% senior unsecured notes to refinance existing borrowings and raise cash for capital needs. The 10-year notes due in 2031 will be fully guaranteed by Genting Malaysia and are expected to be listed and quoted on the official list of the Singapore Exchange Securities Trading Ltd. Meanwhile, the notes will be listed but not quoted for trading on Bursa Malaysia Securities Bhd under the exempt regime. The company told Bursa Malaysia yesterday that the notes have been sold to qualified institutional buyers in the United States (US) and to certain non-US persons in offshore transactions outside the US.

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