High-profile deal is an Island first
For the first time - an Isle of Man-based company has been listed on the Hong King Stock Exchange.
GOHL Capital Limited - an indirect subsidiary of Genting Berhad, holding company for the Genting Group - issued $1 billion of guaranteed unsecured fixed-rate notes.
The move represents the group's landmark return to the US $ bonds market - under advisement by Manx legal firm, Cains Advocates.
It employs more than 62,000 people - and owns the Resort World brand, and is one of the largest International casino operators.
Director of Cains, Mike Edwards, says it's a high-profile deal, involving global investment banks.
Net proceeds from the bonds issue will be used for a number of corporate purposes - like investments for development projects like Resorts World Las Vagas.
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