Genting Malaysia has issued $360 M in medium-term notes
Tuesday 11 de June 2024 / 12:00
2 minutos de lectura
(Malaysia).-Over the past fortnight, Genting Malaysia has announced that its wholly-owned subsidiary, Genting Malaysia Capital, will issue new medium-term notes totaling MYR 1.7 billion (US$360 million) under its existing notes programs.
Genting Malaysia has announced over the past fortnight that it will issue a total of MYR1.7 billion (US$360 million) new medium-term notes under its existing notes programs, via its wholly-owned subsidiary Genting Malaysia Capital.
Having previously revealed on 31 July that it would issue MYR1.3 billion (US$275 million) new medium-term notes across four tranches of varying of various size, maturity and coupon rates, the company announced Tuesday another MYR400 million (US$85 million) new medium-term notes across two tranches.
The new notes fall under Genting Malaysia’s two existing notes programs, which include an MYR5.0 billion program and an MYR 3.0 billion program. All tranches are “irrevocably and unconditionally” guaranteed by Genting Malaysia Berhad, the company said.
It added, “The proceeds from the issuance of the medium-term notes shall be utilzsed for operating expenses, capital expenditure, investment, refinancing, working capital requirements and/or general funding requirements, including to finance the development and/or redevelopment of the properties and/or resorts of Genting Malaysia and/or its subsidiaries, including those located in Genting Highlands, Pahang, Malaysia.”
Genting Malaysia announced in February that it was temporarily closing two of the three casinos at Resorts World Genting for renovations, part of ongoing rejuvenation works at its flagship Malaysian resort.
The company recently reported a 22% year-on-year increase in revenues from its leisure and hospitality operations to MYR2.71 billion (US$577 million) in 1Q24.
Categoría:Others
Tags: Sin tags
País: Malaysia
Región: Asia
Event
G2E - Las Vegas 2025
06 de October 2025
CT Interactive on Innovation, Networking, and Market Growth at G2E 2025
(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.
Thursday 30 Oct 2025 / 12:00
Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025
(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.
Monday 27 Oct 2025 / 12:00
G2E 2025: Cristian Galarza, ASAP Director Explains the Importance of Attending the Event
(Las Vegas, SoloAzar Exclusive). - After attending the 25th anniversary edition of G2E in Las Vegas, ASAP’s director shares his perspective on the evolution of the industry, driven by digitalization, efficiency, and the creation of international networks that foster new business opportunities.
Tuesday 28 Oct 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.