By Reshmi Basu and Paul A. Harris
New York, Sept. 14 - Genting Bhd priced an upsized $300 million of 10-year bonds (Baa1/BBB+) at 99.39 to yield Treasuries plus 132 basis points, according to a market source.
The deal, increased to $300 million from $250 million, came at the tight end of revised price guidance. Price guidance had been revised to Treasuries plus 132 to 134 basis points from 137 basis points.
Citigroup and HSBC were lead managers for the Regulation S offering.
Genting is a Malaysian hotel and casino operator.
Issuer: Genting Bhd./Prime Holdings (Labuan) Ltd.
Amount: $300 million (increased from $250 million)
Issue: Eurobond
Maturity: Sept. 22, 2014
| Coupon: | 5.375%
|
| Issue price: | 99.39
|
| Spread: | Treasuries plus 132 basis points
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 22
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| Lead managers: | Citigroup, HSBC
|
| Ratings: | Moody's: Baa1
|
| | Standard & Poor's: BBB+
|
| Price talk: | 132 to 134 basis points (revised from 137 basis points)
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