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 2026: A Hub for Networking and Collaboration
(Fort Lauderdale).- Held at the Broward County Convention Center from June 9-11, SBC Summit Americas facilitated discussions between operators, affiliates, suppliers and regulators on the opportunities and challenges shaping gaming markets across the Americas.
Friday 19 Jun 2026 / 12:00
RavenTrack Strengths Affiliate Tracking Solutions for the Americas Market
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Aron Myerthall, Global Head of Sales and Partnerships at RavenTrack, shared the company’s objectives at SBC Summit Americas 2026, the opportunities generated, and his outlook on the future of the gaming industry in the region.
Friday 19 Jun 2026 / 12:00
Worldmatch Insights from SBC Summit Americas: Key Trends and Innovations
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2026, Gabriele De Lorenzi, Worldmatch commercial director, shared his insights on objectives, networking highlights, industry trends, and key takeaways that will shape the company’s strategy in the months ahead.
Friday 19 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.
