Genting Bhd Raises RM900 Million in Medium‑Term Notes to Fund Takeover of Genting Malaysia Bhd
Genting Bhd (KL:GENTING) issued medium‑term notes (MTNs) with a nominal value of RM900 million on 10 November 2025. The proceeds are to be used in part to acquire the remaining shares of Genting Malaysia Bhd (KL:GENM) following the company’s conditional voluntary offer that was announced in October 2025.
Bond Terms
- Tenure: One year.
- Interest rate: One‑month Kuala Lumpur Inter‑Bank Offered Rate (KLIBOR) plus 1.80 % per annum.
- At the time of issuance KLIBOR was 3.00 %, implying an effective annual rate of approximately 4.8 %.
Takeover Context
- Genting Bhd already held 52.63 % of Genting Malaysia Bhd’s shares after its public offer.
- The offer became an unconditional takeover when the stake surpassed 50 % on 3 November 2025.
- The price per share in the offer was RM2.35, a premium of nearly 10 % to the last closing price of RM2.14 before the trading halt on 10 October 2025.
Market Conditions
- Bursa Malaysia remained firm despite substantial foreign fund outflows, according to Maybank Investment Bank.
- Local liquidity and resilient economic fundamentals were cited as supporting the markets.
Genting Malaysia Bhd – Key Fundamentals (as of 10 November 2025)
| Item | Value |
|---|---|
| Close price | MYR 2.34 |
| 52‑week high | MYR 2.48 |
| 52‑week low | MYR 1.46 |
| Market cap | MYR 13,895,020,000 |
| P/E ratio | 23.14 |
| Sector | Consumer Discretionary – Hotels, Restaurants & Leisure |
| Exchange | Bursa Malaysia |
The bond issuance represents a strategic financing move to consolidate Genting Malaysia Bhd within Genting Bhd’s portfolio, while maintaining the company’s liquidity profile in a market that continues to perform robustly despite global capital outflows.
