Genting Malaysia confirms debt listing of GENM Capital Labuan theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
’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.
GGRAsia – GEN Malaysia unit taps US$1bln in notes ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
’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.