Malaysia’s Yinson Holdings Concludes MYR 360 Million Sukuk Under its MYR 1 Billion Sukuk Wakalah Programme  

Malaysia-based Yinson Holdings Berhad (Yinson) has announced the successful issuance of a total of MYR 360 million in nominal value of Islamic notes under its perpetual MYR 1 billion Sukuk Wakalah Programme, as per a bourse filing.

Why it Matters?

The Sukuk was made in two offerings: on the 2nd of November 20222, Sukuk worth MYR 250 million was issued; and on the 5th of December 2022, the remaining MYR 110 million was issued. The funds raised from the issuances will be used for Yinson's capital expenditures as well as the refinancing of its current and upcoming financing or borrowings.

Details

The principal advisers, lead arrangers and lead managers for the programme are AmInvestment Bank Berhad and Maybank Investment...