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OTHERS ISSUANCE OF RM400 MILLION MEDIUM TERM NOTES ("MTNS") UNDER THE RESPECTIVE EXISTING MEDIUM TERM NOTE PROGRAMME OF RM3.0 BILLION ("RM3.0 BILLION MTN PROGRAMME") AND RM5.0 BILLION ("RM5.0 BILLION MTN PROGRAMME") IN NOMINAL VALUE BY GENM CAPITAL BERHAD ("GENM CAPITAL"), IRREVOCABLY AND UNCONDITIONALLY GUARANTEED BY GENTING MALAYSIA BERHAD ("GENM") (COLLECTIVELY, THE "MTN PROGRAMMES")

GENTING MALAYSIA BERHAD

Type Announcement
Subject OTHERS
Description
ISSUANCE OF RM400 MILLION MEDIUM TERM NOTES ("MTNS") UNDER THE RESPECTIVE EXISTING MEDIUM TERM NOTE PROGRAMME OF RM3.0 BILLION ("RM3.0 BILLION MTN PROGRAMME") AND RM5.0 BILLION ("RM5.0 BILLION MTN PROGRAMME") IN NOMINAL VALUE BY GENM CAPITAL BERHAD ("GENM CAPITAL"), IRREVOCABLY AND UNCONDITIONALLY GUARANTEED BY GENTING MALAYSIA BERHAD ("GENM") (COLLECTIVELY, THE "MTN PROGRAMMES")

We refer to the announcements dated 8 September 2014, 24 August 2015, 31 March 2017, 27 April 2018, 11 July 2018, 11 May 2021, 28 January 2022, 5 May 2023 and 31 May 2024 in relation to the MTN Programmes.

 

GENM wishes to announce that GENM Capital, a wholly-owned subsidiary of GENM, has today issued RM400 million in nominal value of MTNs under the MTN Programmes as follows:

 

  Tranche 1 of the fifth issuance under the RM5.0 Billion MTN Programme Tranche 1 of the third issuance under the RM3.0 Billion MTN Programme
Issue size RM300 million RM100 million
Issue price Issued at par Issued at par
Tenure of issue 5 years 14 years
Coupon rate 4.92% per annum, payable semi-annually 5.28% per annum, payable semi-annually

 

The proceeds from the issuance of the MTNs shall be utilised for operating expenses, capital expenditure, investment, refinancing, working capital requirements and/or general funding requirements, including to finance the development and/or redevelopment of the properties and/or resorts of GENM and/or its subsidiaries including those located in Genting Highlands, Pahang, Malaysia.

 

AmInvestment Bank Berhad and Hong Leong Investment Bank Berhad are Joint Lead Managers for this issuance.

 

This announcement is dated 10 June 2024.






Announcement Info

Company Name GENTING MALAYSIA BERHAD
Stock Name GENM
Date Announced 10 Jun 2024
Category General Announcement for PLC
Reference Number GA1-10062024-00039



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