Genting Singapore has priced its proposed issuance of publicly offered unsecured and unsubordinated Japanese Yen-denominated bonds in Japan with a total principal amount of issue of ¥20 billion at 0.669% per annum over five years.
The maturity date of the bonds is set at 24 October 2022.
Genting Singapore had previously announced its proposed issuance of Japanese Yen-denominated bonds in Japan on 3 October and confirmed overnight its intention to utilize the proceeds of the bonds by its Japan branch “as necessary from time to time for working capital and general corporate purposes in Japan.”
The company, which is actively pursuing a Japan casino license, 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.”
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