Genting Issues RM255 Mln MTNs To Finance Genting Malaysia Buyout

KUALA LUMPUR, Nov 27 (Bernama) -- Genting Bhd, via its wholly owned unit Genting RMTN Bhd, has issued RM255 million in nominal value of medium-term notes (MTNs) under its MTN programme to part-finance the acquisition of all remaining ordinary shares in Genting Malaysia Bhd.

In a filing with Bursa Malaysia today, 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.

“The net proceeds raised from the issuance of these MTNs shall be utilised by the company to part-finance the acquisition of all remaining ordinary shares in Genting Malaysia, excluding treasury shares, which are not already held by the company pursuant to the takeover offer announced on Oct 13, 2025,” it said.

In October 2025, Genting announced a conditional voluntary offer to acquire the remaining shares in its subsidiary that it does not already own.

-- BERNAMA