Genting smashes records with S$1.8 billion perpetual

In one fell swoop, Genting raises S$1.8 billion, making it the biggest single-tranche Singapore dollar bond.

Genting smashes records with S$1.8 billion perpetual

Gaming company Genting Singapore priced a mammoth S$1.8 billion $1.4 billion perpetual on Thursday evening, the biggest Singapore dollar-denominated bond to be sold in a single tranche. The deal attracted a S$6 billion order book and offshore investor participation of 42% said to be the largest for a Singapore dollar bond.

Genting’s deal was also the biggest corporate hybrid in an Asian local currency market. Its heft and high offshore participation indicates that the Singapore...

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