By Marisa Wong
Morgantown, W.Va., Oct. 11 – Genting Bhd.’s wholly owned subsidiary, GOHL Capital Ltd., priced $500 million of additional 4¼% notes due 2027 on Tuesday, according to a Bursa Malaysia announcement.
The notes (Baa1//A-) will be consolidated and form a single series with the $1 billion of 4¼% notes due 2027 issued on Jan. 24, 2017. The notes are guaranteed by another wholly owned subsidiary, Genting Overseas Holdings Ltd.
The add-on is priced at 103.002 plus accrued interest from and including July 24 to but excluding Oct. 17.
The original notes were priced at 99.597 to yield 4.3%.
Citigroup Global Markets Ltd., J.P. Morgan Securities plc and SMBC Nikko Capital Markets Ltd. are the joint bookrunners and joint lead managers for the Regulation S add-on offering.
Proceeds from the latest notes will be used to refinance borrowings and for general corporate purposes.
Genting is a Kuala Lumpur-based investment holding and management company.
| Issuer: | GOHL Capital Ltd.
|
| Guarantor: | Genting Overseas Holdings Ltd.
|
| Issue: | Notes add-on
|
| Amount: | $500 million
|
| Maturity: | Jan. 24, 2027
|
| Bookrunners: | Citigroup Global Markets Ltd., J.P. Morgan Securities plc and SMBC Nikko Capital Markets Ltd.
|
| Coupon: | 4¼%
|
| Price: | 103.002 plus accrued interest from and including July 24 to but excluding Oct. 17
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 17
|
| Ratings: | Moody’s: Baa1
|
| Fitch: A-
|
| Distribution: | Regulation S
|
| Original issue: | $1 billion issued at 99.597 on Jan. 24, 2017
|
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