KUALA LUMPUR, Oct 7 (Bernama) -- Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has priced US$1.458 billion (US$1=RM4.08) in bonds to refinance its Agogo floating production, storage and offloading (FPSO) vessel off the coast of Angola.
Business : Yinson Prices US$1.458 Bln In Bonds To Refinance Agogo FPSO
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Key points
- In a statement today, Yinson Production said the offering represents the largest FPSO project bond to date and the first outside Brazil.
- Yinson Production chief financial officer Markus Wenker said the company was very pleased with the strong support from institutional investors for the offering, its third FPSO project bond in three years, and sets a new benchmark as the largest FPSO project bond to date.
- “The transaction demonstrates the availability of long-term capital to the FPSO industry, reinforces the merits of the lease-and-operate model, and further strengthens Yinson Production’s capital structure,” he said.
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- Bernama Business : Yinson Prices US$1.458 Bln In Bonds To Refinance Agogo FPSO (this story)
