Malaysia’s Yinson sets up $500 million perpetual securities program

New York, July 13 – Yinson Holdings Bhd. said that its Yinson Juniper Ltd. subsidiary has established a $500 million multi-currency perpetual securities program.

Securities issued under the program will be guaranteed by the parent company, according to an announcement.

Standard Chartered Bank is the adviser, arranger and dealer.

Yinson has obtained approval in principle from Singapore Exchange Securities Trading Ltd. to list any securities sold.

Proceeds will be used for general corporate purposes.

Yinson is based in Kuala Lumpur and provides offshore support services to the oil and gas industry.

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