Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 6): Yinson Holdings Bhd’s wholly-owned unit yesterday completed an issuance of US$100 million perpetual securities under its US$500 million multi-currency perpetual securities programme by way of book building.

In a filing with Bursa Malaysia today, Yinson Holdings said the perpetual securities were issued by Yinson Juniper Ltd at par with a coupon rate of 7.85%, and was officially listed on the Singapore Exchange Securities Trading Ltd (SGX-ST).

In a separate statement, Yinson said the securities have a perpetual tenor, with a call option on the fifth anniversary of their issuance.

Yinson intends to use proceeds raised from the issuance for its general corporate purposes, and, in particular, future capital investments.

“We look forward to deploying capital raised towards new investments armed with our proud project execution track record.

“We are confident of rewarding our investors for their trust and support,” its executive chairman Lim Han Weng said in the statement.

Standard Chartered Bank is the principal adviser, sole arranger, and dealer for the perpetual securities.

Yinson shares closed one sen or 0.28% lower to RM3.59, for a market capitalisation of RM3.9 billion. Year to date, the counter has gained about 24.22%.

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