Yinson to Commence Issuance of USD 236.5 Million IMTN for Working Capital and Refinancing Purposes

Malaysia-based investment holding company Yinson Holdings (Yinson) will start issuing MYR 1 billion (USD 236.5 million) worth of Islamic medium-term notes (IMTN) with a five-year tenure on the 7th of December 2021, according to the Bond and Sukuk Information Exchange (BIX). The IMTN will pay an annual profit rate of 5.55% under the company’s Wakalah Sukuk scheme.

Why it Matters?

According to BIX, Yinson’s MYR 1 billion (USD 236.5 million) IMTN is set to mature on the 7th of December 2026, with the scheme’s first profit payment to be on the 7th of June 2022. Proceeds raised from the issuance will be used for Shariah-compliant purposes such as working capital and refinancing of the company’s existing borrowings.

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