• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GEN Malaysia issues US$564-mln mid-term notes

Aug 25, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


GEN Malaysia issues US$564-mln mid-term notes

Genting Malaysia Bhd – an operator of casino properties in Malaysia, the United States, the Bahamas and the United Kingdom – said on Monday it has issued MYR2.40 billion (US$564 million) in medium-term notes under a programme with an aggregate nominal value of MYR5 billion.

The proceeds will be used for “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,” said a company filing to Bursa Malaysia.

The first tranche of notes, sized at MYR1.10 billion and with a 5-year maturity, carry a coupon of 4.50 percent per year, payable semi-annually. The second tranche, sized at MYR1.30 billion and with a 10-year maturity, have a coupon of 4.90 percent, also payable semi-annually.

CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint principal advisers and joint lead arrangers for the medium-term note programme, the filing showed.

Analysts at Maybank IB Research said in a note in July that the MYR4-billion Phase 1 of the ‘Genting Integrated Tourism Plan’ – a revamp scheme for the Resorts World Genting casino resort (pictured) at Genting Highlands – “should be fully completed by end-2016”. It will include a 20th Century Fox World theme park, and a new casino called Sky Plaza aimed at premium mass gamblers making high minimum bets in cash.

On July 2, shareholders of Genting Malaysia approved a mandate to sell the company’s entire 17.81 percent interest in casino ship operator and Philippines casino investor Genting Hong Kong Ltd. Genting Malaysia said it expected to raise at least US$472.2 million gross from the proposed sale.


  • tweet
Related articles
  • GEN Highlands boost after 2Q, Catskills a drag: Nomura
    GEN Highlands boost after 2Q, Catskills...

    Mar 17, 2021  

  • Casino op Genting Malaysia pay cuts March-May: reports
    Casino op Genting Malaysia pay cuts...

    Mar 03, 2021  

More news
  • Macau casino 1Q EBITDA softer sequentially: MS
    Macau casino 1Q EBITDA softer...

    Apr 12, 2021  

  • Mohegan to cut debt/EBITDA soon says Moody’s
    Mohegan to cut debt/EBITDA soon says...

    Apr 12, 2021  


Latest News

Macau casino 1Q EBITDA softer sequentially: MS

Macau casino 1Q EBITDA softer sequentially: MS

Apr 12, 2021  

Banking group Morgan Stanley expects Macau casino industry earnings before interest, taxation, depreciation and amortisation (EBITDA) to have fallen sequentially in the first quarter, despite an...
Read More
Mohegan to cut debt/EBITDA soon says Moody’s

Mohegan to cut debt/EBITDA soon says Moody’s

Apr 12, 2021  

Philippines needs AML reform on casino biz: IMF

Philippines needs AML reform on casino biz: IMF

Apr 12, 2021  

Manila quarantine easing to April 30, casinos shut for now

Manila quarantine easing to April 30, casinos shut for now

Apr 12, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


150

Total number of gaming tables to be in operation at the expanded Jeju Lotte Tour Casino in South Korea



Most Popular

  • Moody’s expects MGM, Wynn to pursue large IR development Moody’s expects MGM, Wynn to pursue large IR development  April 8, 2021
  • Macau daily visit volume down 17pct m-o-m for April 2 to 6Macau daily visit volume down 17pct m-o-m for April 2 to 6 April 8, 2021
  • China probed 17,000-plus cross-border gambling casesChina probed 17,000-plus cross-border gambling cases April 9, 2021
  • Lawrence Ho awarded US$10mln in Melco Resorts sharesLawrence Ho awarded US$10mln in Melco Resorts shares April 9, 2021
  • Guangdong urges cross-border bet criminals to surrenderGuangdong urges cross-border bet criminals to surrender April 9, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us