2024-04-20 14:17:36
SINGAPORE /PRNewswire – Yinson Production Offshore Pte. Ltd. (“Yinson Production”) is pleased to announce the successful placement of a US$500 million 5-year senior secured bond with a fixed coupon of 9.625% per annum in the Nordic bond market.
This bond issue marks Yinson Production’s debut in the international capital markets. The net proceeds from the bond issuance will be used to refinance Yinson Production’s existing corporate loan and for general corporate purposes. An application will be made for the bond to be listed on the Oslo Børs in due course.
DNB Markets and Pareto Securities acted as joint bookrunners and ABG Sundal Collier acted as joint lead manager in connection with the bond issue.
Markus Wenker, CFO of Yinson Production, commented on the successful placement of the bond as follows: “With this first bond issue on the Nordic bond market, we have successfully expanded our financing instruments and further increased Yinson Production’s financing base in a constantly changing financial market landscape. The bond issue attracted strong investor interest and was significantly oversubscribed, reflecting the compelling investment proposition supported by our long-term contracts and highly visible cash flows, as well as the attractive FPSO market environment.”
Information regarding Yinson Production
“We are passionate regarding delivering high-performance solutions”
Yinson Production is a leading global independent owner and operator of floating storage, production and offloading (“FPSO”) vessels. With a fleet of 9 vessels, we have an order backlog of over $22 billion. Dollars until 2048 and are represented in 10 countries worldwide.
Our position as a premier FPSO contractor is based on our excellent track record in project delivery, our industry-leading performance in safety and uptime, and our leadership in sustainable FPSO designs. Our innovative zero-emission FPSO concept paves the way for the decarbonization of the FPSO industry.
We are a part of Yinson Holdings Berhad, a global energy infrastructure and technology company operating with Yinson Production in offshore energy, with Yinson Renewables in renewable energy, with Yinson GreenTech in green technologies, with Farosson sustainable investments and asset management and operates in the offshore marine sectors with Regulus Offshore.
For more information regarding us please visit www.yinson.com/offshore-production.
Questions & Contact:
Communications: Jason Chiew,
Soul Communications Image,
+6017 980 4293,
[email protected]; Investor Relations: Simon Barnasconi,
Head of Investor Relations and Rating Department,
[email protected]
1713623045
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