Genting gets SC nod for RM2b bond issue
KUALA LUMPUR, May 24 — Genting Capital Bhd, a unit of gaming group Genting Bhd, has obtained the Securities Commission's approval for a 20-year, RM2 billion (US$636 million) bond programme to fund operations.
The bonds, in the form of medium-term notes guaranteed by Genting, has been assigned a long-term rating of AAA(s) by Malaysian rating agency RAM Rating Services Bhd, according to Genting in a local stock exchange filing on Thursday.
CIMB Investment Bank Bhd, HSBC Bank Malaysia Bhd and Maybank Investment Bank Bhd have been appointed as the joint principal advisers for the programme. — Reuters