KUALA LUMPUR: Genting Malaysia Bhd
has issued RM2.6bil in debt notes to finance the group's the property projects and resorts including those located in Genting Highlands.
It said on Wednesday Genting Malaysia Capital Bhd had issued the medium term notes (MTN) in nominal value under the RM3bil MTN and guaranteed by Genting Malaysia Bhd.
Tranche one is RM1.40bil which is issued at par with a tenure of five years and a coupon rate of 4.98% per annum, payable semi-annually.
Tranche two is RM750mil which is also issued at par with a tenure of 10 years with a coupon of 5.30% per annum, payable semi-annually.
Tranche three is RM450mil which is also issued at par with a tenure of 15 years and a coupon of 5.58% per annum, payable semi-annually.
Genting Malaysia said the proceeds from the issuance of the MTNs would be for operating expenses, capital expenditure, investment, refinancing, working capital requirements and/or general funding requirements.
The requirements include to finance the development and/or re-development of the properties and/or resorts.
CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint principal advisers and joint lead arrangers for the MTN programme.
The joint lead managers and joint book runners for the issuance are AmInvestment Bank Bhd, CIMB Investment Bank Bhd, Hong Leong Investment Bank Bhd, Maybank Investment Bank Bhd, OCBC Bank (Malaysia) Bhd and RHB Investment Bank Bhd.
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