Malaysia’s Yinson Holdings to Launch MYR 1 Billion Sukuk Wakalah Programme 

Malaysia-based Yinson Holdings Berhad (Yinson) has lodged a filing with Securities Commission (SC) Malaysia in order to establish a perpetual Sukuk Wakalah Programme with a maximum value of MYR 1 billion (USD 216.88 million), as per a filing with Bursa Malaysia on the 27th of September 2022.

Why it Matters?

The issuance's proceeds will be put to use by Yinson for capital expenditures, the refinancing of current or upcoming borrowings, working capital, other general corporate purposes, and to pay for fees, costs, and expenses related to the creation or issuance of the Programme.

Details

Through the Programme's perpetual tenure, Yinsun has the freedom to occasionally issue unrated subordinated perpetual Sukuk. As at th...