{"id":777004975,"date":"2023-05-08T12:59:55","date_gmt":"2023-05-08T15:59:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004975"},"modified":"2026-04-22T22:13:14","modified_gmt":"2026-04-23T01:13:14","slug":"genting-malaysia-to-raise-us112-69m-for-ir-development","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-to-raise-us112-69m-for-ir-development","title":{"rendered":"Genting Malaysia to raise US$112.69m for IR development"},"content":{"rendered":"\n<p>Genting Malaysia plans to issue medium-term notes to fund the development and redevelopment of its properties and resorts.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.-<strong>&nbsp;Genting Malaysia&nbsp;<\/strong>has announced through a company filing that it plans to raise US$112.69m in three tranches via medium-term notes to finance the development and redevelopment of its resorts and properties, including Genting Highlands.&nbsp;<\/p>\n\n\n\n<p>The group is set to raise the first tranche of RM250m (US$56.34m) for five years at a rate of 5.07 per cent per year. The second tranche of RM150m (US$33.81m) will carry a term of seven years at 5.35 per cent and the third tranche of RM100m (US$22.54m) ten years at 5.52 per cent. The funds are part of the RM5bn (US$1.13bn) programme the company launched in 2014.<\/p>\n\n\n\n<p>Meanwhile, the company&nbsp;has revealed that it plans to use the proceeds from its&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-to-sell-land-in-miami-for-us1-22bn\" target=\"_blank\">sale of land in Miami<\/a>&nbsp;to finance future investments. It plans to use US$1bn of the funds from the US$1.22bn sale of its 15.47-acre property within 48 months. Anything left will be directed towards general working capital.&nbsp;<\/p>\n\n\n\n<p>Genting sold the land to Terra Group real estate developer Smart City Miami. It had initially purchased three Miami plots in 2011 for US$246m, followed by the acquisition of a fourth parcel in May 2017 for US$13m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genting Malaysia plans to issue medium-term notes to fund the development and redevelopment of its properties and resorts.<\/p>\n","protected":false},"author":176,"featured_media":18062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia plans to issue US$112.69m in medium-term notes across three tranches to fund the development and redevelopment of its properties, including Genting Highlands, as part of its existing RM5bn programme. Concurrently, the company will allocate US$1bn from its recent US$1.22bn Miami land sale towards future investments, with any remainder directed to general working capital.","focusai_entities":"Genting Malaysia, Terra Group, Smart City Miami","focusai_location":"Malaysia, Miami, USA","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Strategy","query":"How does the allocation of US$1bn from the Miami land sale proceeds, specifically for \"future investments,\" align with Genting Malaysia's long-term strategic growth verticals beyond its core integrated resort developments?"},{"label":"Debt Structure Impact","query":"What is the projected impact of this US$112.69m medium-term note issuance on Genting Malaysia's overall debt-to-equity ratio and cost of capital, considering the existing RM5bn programme and current market interest rate environment?"}],"footnotes":""},"categories":[157,16333],"tags":[19394],"class_list":["post-777004975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004975"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004975\/revisions"}],"predecessor-version":[{"id":777005015,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004975\/revisions\/777005015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}