Casino operator Genting Singapore said on Monday it plans to sell $500 million worth of perpetual subordinated capital securities.
The securities will pay an annual coupon of 5.125% until October 2022 and 6.125% after that.
DBS is the sole global coordinator for the offering. DBS and Oversea-Chinese Banking Corp are the joint lead managers and book runners.
Genting Singapore, a unit of Malaysian group Genting , also issued $1.8 billion in perpetual securities last month and said it was seeking new investment opportunities.
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