The bonds were issued with a coupon rate of 7.85% and are listed on the Singapore Exchange (SGX). They have a perpetual tenure with a call option on the fifth anniversary of the issuance.
“The issuance marks the group’s third capital market transaction since its inaugural capital market issuance in September 2015,” Yinson said in a press release.
Proceeds from the issuance would be for the group’s general corporate purpose and, in particular, future capital investments.
Yinson executive chairman Lim Han Weng said the successful issuance "demonstrates investors’ continued confidence towards the group and our business prospects.
“We look forward to deploying capital raised towards new investments and, armed with our proud project execution track record, we are confident of rewarding our investors for their trust and support,” he said.
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