PETALING JAYA: Genting Bhd proposes to issue the medium-term notes (MTNs) with a nomimal value of RM10 billion.
The group told Bursa Malaysia that its wholly owned subsidiary Genting RMTN Bhd had on September 17 made a lodgement with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework for the establishment of the MTN programme.
The MTNs to be issued by Genting RMTN will be irrevocably and unconditionally guaranteed by Genting and the MTN programme has been assigned an initial long-term rating of “AAA” by RAM Rating Services Bhd.
Genting said the net proceeds from the MTN programme will be utilised for the operating expenses, capital expenditure, investment, refinancing, working capital requirements, general funding requirements and/or other general corporate purposes.
CIMB Investment Bank Bhd and Maybank Investment Bank Bhd have been appointed as the joint principal advisers and joint lead arrangers for the programme.
