By Susanna Moon
Chicago, July 11 – Genting Malaysia Bhd.’s wholly owned subsidiary GENM Capital Bhd. issued RM 2.6 billion of notes at par in three tranches.
Specifically, the issuer sold RM 1.4 billion of 4.98% five-year notes, RM 750 million of 5.3% 10-year notes and RM 450 million of 5.58% 15-year notes.
CIMB Investment Bank Bhd. and Maybank Investment Bank Bhd. are the joint principal advisers and lead arrangers. 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. are the lead managers and joint bookrunners.
The company said on April 27 that GENM launched the RM 3 billion 20-year medium-term note program guaranteed by Genting.
Proceeds will be used for operating expenses, capital expenditure, investments, refinancing, working capital or general funding requirements.
RAM Rating Services Bhd. has assigned a long-term rating of AAA(s) to the program.
Genting is a Kuala Lumpur, Malaysia-based investment holding and management company.
| Issuer: | GENM Capital Bhd.
|
| Guarantor: | Genting Malaysia Bhd.
|
| Issue: | Medium-term notes
|
| Amount: | RM 2.6 billion
|
| Lead arrangers: | CIMB Investment Bank Bhd., Maybank Investment Bank Bhd.
|
| Lead managers: | 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.
|
| Settlement date: | July 11
|
|
|
| Five-year notes
|
| Amount: | RM 1.4 billion
|
| Maturity: | Five years
|
| Coupon: | 4.98%
|
| Price: | Par
|
| Yield: | 4.98%
|
|
|
| 10-year notes
|
| Amount: | RM 750 million
|
| Maturity: | 10 years
|
| Coupon: | 5.3%
|
| Price: | Par
|
| Yield: | 5.3%
|
|
|
| 15-year notes
|
| Amount: | RM 450 million
|
| Maturity: | 15 years
|
| Coupon: | 5.58%
|
| Price: | Par
|
| Yield: | 5.58%
|
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