Jackpot! Genting beats size target on 10 year bond

By Morgan Davis
13 Apr 2021

Casino operator Genting Malaysia bagged $1bn from a 10 year bond on Monday, surpassing the size expectations for the trade.

Global co-ordinators CIMB, Citi, DBS and JP Morgan, with bookrunner BNP Paribas, opened orders for the decade bond at the 260bp over US Treasuries area on Monday, following investor calls last week. The borrower was expected to raise around $750m.

Analysts at Nomura saw fair value ...

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