ZUL RAFIQUE & partners’ Capital Markets team acted as the legal counsel for Genting Malaysia Bhd (GenM) and its wholly owned subsidiary, GENM Capital Labuan Ltd (GenM Capital Labuan) for the inaugural issuance of USD1 billion (RM4.12 billion) senior unsecured notes (Notes) fully and unconditionally guaranteed by GenM. The Notes are listed and traded in SGX and listed in Bursa Malaysia (Exempt Regime). The Notes were offered and sold in the United States only to qualified institutional buyers in reliance on the exemption from the registration requirements under Rule 144A of the United States Securities Act of 1933 as well as Regulation S under the said Act.

In the announcement made by GenM, it is stated that the net proceeds from this offering will be used by GenM and/or its subsidiaries to refinance existing borrowings, and for capital (including investment) and working capital requirements.

The debt listing was also featured in The Edge on 20 April 2021, HERE.

For more insight into this area of law, please contact our Partners in the Capital Markets Practice Group:
Loh Mei Mei
Kung Suan Im
Ashela Ramaya
Chan Kwan Hoe
Celine Rangithan

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