Singapore Exchange today welcomed Genting Singapore’s $500 million 5.125% subordinated capital securities onto Mainboard under the stock code “P9GZ”.
Ms Lee Shi Ruh, Chief Financial Officer of Genting Singapore said, “We are very pleased with the successful issuance of our first retail perpetual capital securities, which provides an attractive high-yielding alternative to bank deposits for the investors. As a SGX-listed company, the Singapore Exchange’s listing and trading platform is a natural choice for Genting Singapore’s first issuance of such securities.’’
Ms Tng Kwee Lian, Head of Fixed Income at SGX said, “Genting Singapore’s decision to list its first perpetual capital securities on our retail market underscores the attractiveness of our platform for companies wanting to tap Asia’s fast-growing savings pool. By coming to SGX, individuals can invest in fixed income products of wide-ranging tenors while being assured of price transparency.”
Genting Singapore has been involved in gaming and integrated resort development in Australia, the Bahamas, Malaysia, the Philippines and the UK for 25 years. Today, it is best known for its flagship Singapore project, Resorts World Sentosa, one of the largest fully integrated resorts in Southeast Asia.