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

Ringgit rises as oil price falls after Trump signals quick end to Iran war
MMAG Holdings’ bank accounts frozen by police, AMLA unit
Tien Wah Press implements internal monitoring measures on its Gulf operations
Penang records RM22.4bil approved manufacturing investments in 2025
Magni-Tech 3Q net profit falls 23% to RM30.7mil
FBM KLCI reclaims 1,700 level on optimism Middle East conflict may ease
Airline SAS hikes prices on higher jet fuel cost following Iran war
China’s exports turbocharge into 2026 after record-breaking year
Trump hints at early end to Iran war, easing oil-shock concerns
Bitcoin steadies around US$70,000 as Iran war worries ease

Others Also Read