Genting issues RM900mil bonds to fund Genting Malaysia buyout


KUALA LUMPUR: Genting Bhd has raised RM900 million through medium-term notes (MTNs) to partly fund its acquisition of the remaining shares in Genting Malaysia Bhd.

In a filing to Bursa Malaysia on Monday, the company said the MTNs have a one-year tenure and carry an interest rate of one-month KLIBOR plus 1.80 per cent per annum.

In October 2025, Genting announced a conditional voluntary offer to acquire the remaining shares in its subsidiary that it does not already own. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Chin Hin sells 44.12mil shares in Signature International for RM59.99mil
Govt optimistic to achieve 4.8% economic growth target for 2025 - Amir Hamzah
Oil steadies ahead of Ukraine peace talks and Fed interest rate decision
Sunsuria ups stake in KL City Gateway to 61%
Ringgit edges lower against greenback at close ahead of US interest rate decision
ChemOne appoints Mohamed Nazri as advisor, board member of PEC
U Mobile to roll out next generation 5G network across 20 IGB properties
BAuto records weaker y-o-y 2Q26, but rebounded sequentially
Bursa Malaysia's index ends lower, broader market positive, ahead of Fed decision
Gamuda expects FY26 to be driven by newly awarded domestic construction projects

Others Also Read