By Marisa Wong
Madison, Wis., May 31 - Genting Bhd.'s wholly owned subsidiary, Genting Capital Bhd., completed the book-building process for the first issue of medium-term notes under its previously announced medium-term note program on Thursday, according to an announcement by CIMB Investment Bank Bhd.
Genting Capital will issue RM 2 billion of notes in two tranches. Both tranches are priced at par.
The first tranche consists of RM 500 million of 10-year notes with a coupon of 4.42%, and the second tranche is comprised of RM 1.5 billion of 15-year notes with a coupon of 4.86%.
The issue date is expected to be June 8.
As noted before, the notes are guaranteed by the parent company.
CIMB, HSBC Bank Malaysia Bhd. and Maybank Investment Bank Bhd. are joint principal advisers for the MTN program.
Proceeds will be used for operating expenses, capital expenditure, investment, refinancing, working capital requirements, general funding requirements and/or other general corporate purposes.
Genting is a Kuala Lumpur-based investment holding and management company.
| Issuer: | Genting Capital Bhd.
|
| Issue: | Medium-term notes
|
| Amount: | RM 2 billion
|
| Pricing date: | May 31
|
| Settlement date: | June 8
|
|
|
| Tranche 1
|
| Amount: | RM 500 million
|
| Maturity: | 10 years
|
| Coupon: | 4.42%
|
| Price: | Par
|
| Yield: | 4.42%
|
|
|
| Tranche 2
|
| Amount: | RM 1.5 billion
|
| Maturity: | 15 years
|
| Coupon: | 4.86%
|
| Price: | Par
|
| Yield: | 4.86%
|
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