Global casino operator Genting Malaysia Bhd said its corporation GENM Capital Bhd has completed early repayment of $1.3 billion ($276.9 million) in nominal value medium-term notes. The information is in a filing with Bursa Malaysia on Wednesday.

That's just over half of the $2.4 billion issued in August 2015. The maturity of the repayment bond is MYR 1.3 billion and the interest rate is 4.90%. The balance of MYR 1.1 billion issued in August 2015 is 5 years and the interest rate is 4.50%.

At the time of publication, Genting Malaysia said the proceeds were for Genting Malaysia's operating expenses, capital expenditures, investments and/or working capital requirements "including financing the development and/or redevelopment" of the group's properties "located in Pahang Genting Highlands, Malaysia." 에볼루션 바카라사이트

The bonds were part of a mid-term bond program with a nominal value of up to MYR 5 billion, announced in September 2014 on behalf of GENM Capital.

In June this year, Genting Malaysia said GENM Capital was issuing MYR 400 million in medium-term bonds. The ringgit, Malaysia's currency, fell to a 26-year low against the U.S. dollar in late February but has since recovered to some extent.

Genting Malaysia operates resort world genting, Malaysia's only casino licensed property in the genting highland. The group also operates casinos in the United States, the Bahamas, the United Kingdom and Egypt. Genting Malaysia's first-quarter net income was slightly below $36.7 million, slightly above $2.76 billion, up 21.1% year-over-year.