KUALA LUMPUR: Yinson Holdings Bhd's unit Yinsom Juniper Ltd has set up a US$500mil (RM2.14bil) multi-currency perpetual securities programme to finance its general corporate purposes.
The oil and gas services company said on Thursday that Yinson Juniper was incorporated in the British Virgin Islands.
Yinson has unconditionally and irrevocably guaranteed the debt note programme.
Yinson Juniper had also made a lodgement in respect of the programme with the Securities Commission.
It also said the Singapore Exchange Securities Trading Limited (SGX-ST) had given its approval-in-principle the company to deal in, and the quotation for, any perpetual securities that may be issued under the programme.
Standard Chartered Bank is the principal adviser, sole arranger and dealer for the programme.