genting-raises-572-million-from-cb-and-placement

Genting raises $572 million from CB and placement

The deal comes as Genting International wins the bid for an integrated casino resort in Singapore. Separately, Champion attracts strong demand to Asia's first CB by a Reit issuer.
Only three days after winning the bid to build an integrated casino resort on SingaporeÆs Sentosa island, Genting International was in the capital markets last night raising funds towards the project. It was accompanied by its Malaysian parent which saw an opportunity to add to its war chest amid the positive sentiment surrounding the group.

And despite a surge in their respective share prices earlier in the day, investors were keen to participate. In fact, both deals were increased in size after being multiple times covered.

Parent company Genting Bhd was able to raise M$1.04 billion $297 million from a share placement, while Singapore-listed casino operating subsidiary, Genting International, issued S$425 million $275 million worth...
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