KUALA LUMPUR: GOHL Capital Ltd, an indirect wholly owned subsidiary of Genting Bhd
, has priced an offering of US$500mil guaranteed notes with a coupon rate of 4.25%, maturing on Jan 24, 2027.
The notes constitute a further issuance of, and will be consolidated with, the existing US$1bil principal amount of notes issued on Jan 24, 2017.
The further notes will be fully and unconditionally guaranteed by Genting Overseas Holdings Ltd, which is a direct wholly owned subsidiary of Genting and holds 100% equity interest in GOHL Capital.
"The Further Notes will be fully and unconditionally guaranteed by Genting Overseas Holdings Ltd, a direct wholly-owned subsidiary of Genting, and will have the benefit of an amended and restated keepwell deed to be entered into with Genting. The Guarantor holds 100% equity interest in GOHL Capital," said Genting in a filing issued on Wednesday.
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