Genting Malaysia's 49%-owned associate Empire Resorts Inc issues US$300m bonds

Genting Malaysia's 49%-owned associate Empire Resorts Inc issues US$300m bonds
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KUALA LUMPUR (Oct 29): Genting Malaysia Bhd’s (GenM) 49%-owned associate Empire Resorts Inc has issued US$300 million (RM1.2 billion) bonds due 2026 on the Singapore Exchange (SGX).

According to Empire Resorts filing with the SGX, the notes, which pay an annual interest rate of 7.75%, will be listed and quoted on the SGX's Bonds Market at 9am on Monday (Nov 1).

The notes will be quoted and traded in the US dollar.

The lead manager or bookrunners of the notes are Wells Fargo Securities LLC, Citigroup Global Markets Inc, BNP Paribas Securities Corp and DBS Bank Ltd.

At 10.45am on Friday (Oct 29), GenM had shed one sen to RM3.18, valuing it at RM18.88 billion.

Surin Murugiah