KUALA LUMPUR (Jan 19): Genting Malaysia Bhd's subsidiary GENM Capital Bhd will redeem its RM1.4 billion medium term notes (MTN) next Friday (Jan 28) ahead of the MTN scheme's maturity date on July 11, 2023, according to facility agent Maybank Investment Bank Bhd.

According to Maybank’s filing with Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website, GENM Capital’s notice dated Jan 14 indicated the early redemption of the MTN under stock code number UI180083 next Friday, which is part of its RM3 billion MTN programme.

According to Cbonds’ website, GENM Capital's UI180083 MTN programme has an annual interest rate of 4.98%.

Casino and hotel operator Genting Malaysia’s share price was down five sen or 1.72% at RM2.85 at 3.50pm, giving it a market capitalisation of RM16.92 billion.