Genting Singapore files to issue as much as 350 billion yen in bonds

Genting Singapore’s Resorts World Sentosa; taken 2018Genting Singapore’s Resorts World Sentosa; taken 2018

Genting Singapore has filed a shelf registration statement in Japan to issue as much as 350 billion yen (S$4.48 billion or US$3.24 billion) in yen-denominated bonds in Japan, the integrated casino-resort operator said in a filing to SGX before the market open Monday.

Under the registration, which was with the director-general of the Kanto Local Finance Bureau (KLFB), Genting Singapore will be able to issue new bonds as needed, the filing said.

The issue period is from 16 October 2019 through 15 October 2021, the filing said.

Genting Singapore’s Japan branch will use the proceeds for working capital and general corporate purposes in Japan, the company said.

In August, the casino-resort operator updated its outlook for a proposed integrated resort in Japan, saying it met the application guidelines and criteria for the Osaka proposal and had received confirmation that its registration for the request-for-concept has been approved by the local government.

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