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

This amount is just over half of the 2.4 billion MYR issue carried out in August 2015.

MYR 1.3 Billion of Repayment Notes has an interest rate of 4.90% on 10-year maturity. The balance of MYR 1.1 Billion issued in August 2015 has an interest rate of 4.50% on 5-year maturity.

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

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 a medium-term bond of MYR 400 million.

At the end of February, Malaysia's currency, the ringgit, fell to a 26-year low against the U.S. dollar, but has since recovered to some extent.

Genting Malaysia operates Resorts World Genting, Malaysia's only casino property, in the Genting Highlands. The group also operates casinos in the United States, the Bahamas, the United Kingdom, and Egypt.