PETALING JAYA: Genting Hong Kong Ltd’s 50% unit Travellers International Hotel Group Inc, which owns and operates Resorts World Manila, has priced its maiden US$300mil, seven-year international bond issue. The bond would carry a coupon of 6.9%, Genting Hong Kong said in a statement.
“The inaugural transaction from Travellers represents the lowest-ever bond yield achieved by Asian gaming companies. The bond also bears the lowest-ever coupon among unsecured US dollar bond offerings from gaming companies globally,” it added.
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