Genting NY cashes in on bond

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By Morgan Davis
28 Jan 2021

Casino operator Genting New York priced a $525m bond on Wednesday.

The borrower, which is rated BBB- by both S&P Global Ratings and Fitch, is part of Malaysia's Genting Group's leisure and hospitality businesses.

Global co-ordinators Bank of America, BNP Paribas, DBS and Wells Fargo Securities began marketing the five year notes at 325bp over US Treasuries. ...

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