Genting Malaysia issues notes to finance resort redevelopment

Genting Malaysia has announced that its wholly-owned subsidiary, GENM Capital, has issued RM2.6 billion in nominal value of medium-term notes.

Genting said the proceeds of the issuance will be utilized for operating expenses, capital expenditure, investment, refinancing, working capital requirements and/or general funding requirements for Genting Malaysia and its subsidiaries, including financing the development or redevelopment of its properties.