Yinson to issue US$500m perpetual securities

13 Jul 2017 / 23:50 H.

    PETALING JAYA: Yinson Holdings Bhd’s wholly owned subsidiary Yinson Juniper Ltd has established a US$500 million (RM2.15 billion) Multi-Currency Perpetual Securities Programme.
    The programme is unconditionally and irrevocably guaranteed by Yinson Group.
    Yinson Juniper made a lodgement with Securities Commission Malaysia (SC) on Wednesday under the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework.
    Proceeds from the perpetual securities issuance will be used for its general corporate purposes.
    The group has received approval-in-principle from Singapore Exchange Securities Trading Ltd for the perpetual securities programme.
    Standard Chartered Bank is the principal adviser, sole arranger and dealer for the programme.
    Yinson fell three sen to RM3.49 on 274,000 shares traded yesterday, giving it a market capitalisation of RM3.81 billion.

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