The funds will be used for operating costs, capital costs, investments, refinancing, working capital and/or funding requirements, including financing the development or redevelopment of the group's properties, a statement to Bursa Malaysia said.
The notes were issued by GENM Capital Bhd, according to a filing on Monday. The latest funding event came after a total of MYR 1.3 billion medium-term notes were issued on May 31.
Genting Malaysia operates Resorts World Genting, the only licensed casino property in Malaysia. The group also operates casinos in the U.S., the Bahamas, the U.K., and Egypt through related businesses.
One tranche of Monday's issuance includes MYR 300 million under the group's 5 billion MYR medium-term bond program. The bond has a maturity of five years, with a coupon rate of 4.92% per annum payable semi-annually.
The other 100 million MYR issuance is part of the company's 3 billion MYR medium-term bond program. This second tranche covers a 14-year tenure and is paid semi-annually at an interest rate of 5.28%.
Am Investment Bhd and Hong Leong Investment Bhd are co-leaders of the event, the parent company said.
Genting Malaysia reported Q1 net income of just 36.7 million yuan, slightly above 2.76 billion yuan, up 21.1% year-over-year.
The company is upgrading its resort World Genting Complex, the only casino resort in Malaysia. Earlier this year, the company confirmed a "temporary" closure of Circus Palace and the Hollywood gaming zone to "ease improvements" to the property.
BY: 사설경마사이트
