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'Genting hires banks for yuan bond sale in HK'

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'Genting hires banks for yuan bond sale in HK'

Post by hlk Wed 22 Jun 2011, 19:00

Genting Bhd, Asia’s third-biggest casino operator by market value, hired CIMB Group Holdings Bhd, HSBC Holdings Plc, Malayan Banking Bhd and UBS AG to help it with a sale of three-year, yuan-denominated bonds in Hong Kong, according to two people familiar with the matter.

The senior unsecured notes, to be sold by Genting’s Hong Kong unit, may be issued as early as this week, the people said, asking not to be identified as details are private.

Proceeds will be used for general corporate purposes and to fund the company’s non-gaming businesses, which include cruise ships, the people said. -- Bloomberg

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