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Genting Malaysia subsidiary lists US$1b bonds


Genting Malaysia subsidiary lists US$1b bonds
The Edge
2 hrs ago
Chong Jin Hun
© Provided by The Edge
KUALA LUMPUR (April 20): Genting Malaysia Bhd’s wholly-owned subsidiary GENM Capital Labuan Ltd today listed its US$1 billion (about RM4.12 billion) bonds on Singapore Exchange Ltd (SGX) after the casino and hotel operator issued the securities yesterday.
GENM Capital Labuan said in statement to SGX yesterday that the bonds, which pay an interest rate 3.882% a year, are due in 2031.
More to come ....

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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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Genting prices US$1bil senior unsecured notes


’s wholly-owned subsidiary GENM Capital Labuan Ltd has priced its offering of US$1 billion to the aggregate principal amount of 3.88 per cent senior unsecured notes that is due 2031.
In a filing with Bursa Malaysia today, Genting Malaysia said the notes would be fully and unconditionally guaranteed by the company.
The notes have been offered and sold in the United States (US) only to qualified institutional buyers and to certain non-US persons in offshore transactions outside the US in reliance on Regulation S under the Securities Act,” said Genting Malaysia.
It added that the notes were expected to be listed and quoted on the Official List of the Singapore Exchange Securities Trading Ltd and listed but not quoted for trading on Bursa Malaysia Securities Bhd. Genting Malaysia said. ....

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