Genting Singapore Limited has canceled and redeemed Japanese yen bonds.

Janak9955

Former Japanese casino license applicant, Genting Singapore Limited, has announced the cancellation and redemption of a ¥20 billion Japanese yen-denominated bond that was publicly issued in 2017 on an unsecured, non-subsidiary basis. At the time of issuing these bonds, the group stated that the proceeds from these bonds would be used for "working capital and general corporate purposes" of its Japanese entity.

In September 2019, the company indicated that it might raise up to ¥350 billion Japanese yen-denominated bonds for local operating capital and general purposes. In early 2020, Genting Singapore confirmed interest in pursuing a casino license in Yokohama, Japan. It was subsequently identified as a qualified bidder in the Yokohama integrated resort (IR) process in May 2021. However, Genting Singapore put its efforts on hold in September 2021 due to the newly elected mayor's announcement that the city would not continue with the casino plans. In December 2021, the group announced the closure of eight subsidiary companies registered in Japan.

Ruchika55

In recent years, many countries have been going through very challenging times.

Jafar224

Repaying debt is indeed a very normal thing to do.

Niti998

It seems that they are also planning to withdraw from Japan and cease further investments.