Genting Berhad Issues RM 495 Million in Medium-Term Notes to Fund Genting Malaysia Takeover

Genting Berhad has announced that its financing arm has issued RM 495 million (approximately US$104 million) in medium-term notes (MTNs) as part of a broader RM 10 billion programme. These notes carry a one-year tenure and offer interest at one-month KLIBOR plus 1.80 % per annum. The proceeds will be used to help finance its takeover of Genting Malaysia Berhad, with the acquisition offer announced on 13 October 2025.

The issuance marks the sixth tranche under Genting’s MTN programme, which was launched in 2019 and can accommodate up to RM 10 billion in face value. Earlier in November, the company also raised RM 900 million via bonds to support the same takeover effort. 

Genting’s move to increase its stake and consolidate control over Genting Malaysia is part of a strategic restructuring. The subsidiary, which owns key casino and hospitality assets like Resorts World Genting in Malaysia, is being targeted for a full privatisation at RM 2.35 per share, valuing Genting Malaysia at around RM 6.74 billion. By issuing debt through the MTN programme, Genting is deploying financial resources to support this takeover and further ambitions, possibly including overseas casino licences.