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Genting Singapore issues Samurai bonds to fund Japanese branch

Trinity Chua
Trinity Chua10/23/2017 08:00 AM GMT+08  • 7 min read
Genting Singapore issues Samurai bonds to fund Japanese branch
(Oct 23): Genting Singapore is raising ¥20 billion ($241.2 million) worth of fiveyear bonds with a coupon of 0.669%. The settlement date for the bonds is Oct 24, 2017, while the maturity date is Oct 24, 2022.
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(Oct 23): Genting Singapore is raising ¥20 billion ($241.2 million) worth of fiveyear bonds with a coupon of 0.669%. The settlement date for the bonds is Oct 24, 2017, while the maturity date is Oct 24, 2022.

This is Genting Singapore’s first Samurai bond deal, which comes amid expectation in the market that the company will bid for a casino licence in Japan. The bond proceeds will be used for working capital and general corporate purposes by its “Japan branch”. The company established an office in Tokyo last month.

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