Malaysia’s Yinson sets up RM 1.5 billion perpetual sukuk program

By Marisa Wong

Morgantown, W.Va., Feb. 14 – Yinson Holdings Bhd. said its wholly owned subsidiary, Yinson TMC Sdn. Bhd., has established a RM 1.5 billion perpetual sukuk program that covers senior sukuk and subordinated sukuk.

AmInvestment Bank Bhd. and Maybank Investment Bank Bhd. are the joint lead arrangers and joint lead managers.

The first tranche will be issued within 60 days.

Proceeds will be used to refinance outstanding debt and for general corporate purposes.

Based in Kuala Lumpur, Malaysia, Yinson provides offshore support services to the oil and gas industry.

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