Yinson's 49% PTSC raises US$300m loans to convert FPSO


KUALA LUMPUR: Yinson Holdings Bhd's 49% owned PTSC Asia Pacific Pte Ltd has raised up to US$300mil to fund the conversion of the floating production storage and offloading system (FPSO).

Yinson said PTSC, in which PetroVietnam Technical Services Corporation owns the other 51%, had on Friday completed the signing of a senior secured loan facility with Singapore's Oversea-Chinese Banking Corporation Ltd and United Overseas Bank Ltd.

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