Genting Singapore has announced a proposed issuance of publicly offered unsecured and unsubordinated Japanese yen-denominated bonds in Japan.
In a filing to the Singapore Exchange, the company said it had filed a Securities Registration Statement with the Director-general of the Kanto Local Finance Bureau in regards to the public offering through its Japan branch.
It added that Genting Singapore had already been assigned an “A” rating by Rating and Investment Information Inc and expected the bonds to also be assigned an “A” rating.
The proceeds of the bonds will be utilized by the Japan branch “as necessary from time to time for working capital and general corporate purposes in Japan,” the company said.
Genting Singapore, which has made no secret of its intention to aggressively pursue an IR license in Japan, last month launched its new branch office in Tokyo for the purpose of, “Development and management of the leisure and hospitality business; provision of administration and resource support including research and market studies, investment and promotion in connection with the foregoing; and any and all businesses incidental or related to each of the foregoing.”
RelatedPosts
