Genting Malaysia has issued $360 M in medium-term notes
Tuesday 11 de June 2024 / 12:00
⏱ 1 min read
(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
SBC Summit Americas 2026
09 de June 2026
SBC Summit Americas: Key Insights on Latam markets from Timeless Tech
(Fort Lauderdale, SoloAzar Exclusive).- The SBC Summit Americas 2026 in Miami brought together the most influential voices in the gaming and betting industry. Vanesa Prelec, Timeless Tech B2B Marketing Specialist, shared her reflections on the event, highlighting the opportunities, trends, and strategies shaping the future of the Latin American market.
Thursday 25 Jun 2026 / 12:00
Diego Verano and the consolidation of Eeze at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In dialogue with Diego Verano, Director of Business Development LatAm at Eeze, the executive analyzes the balance of the company's participation in the SBC Summit Americas, the opportunities for expansion in the Americas, the trends that marked the agenda of the event and the growing relevance of responsible gaming and regulation in the industry.
Wednesday 24 Jun 2026 / 12:00
Driving Player Engagement: EGT Digital's Insights from SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- SBC Summit Americas offered EGT Digital an excellent platform to strengthen existing relationships and engage directly with the LATAM market. Learn more in the following interview with Andres Troelsen, Regional Sales Director LATAM.
Monday 22 Jun 2026 / 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.
