Yinson-Sumitomo ink RM2.84b loan for FPSO off Brazil

Yinson's FPSO Abigail Joseph which is operating off Nigeria.

KUALA LUMPUR: Yinson Holdings Bhd’s unit and its project partner Sumitomo Corporation have inked a US$670mil or RM2.84bil (US$1 to RM4.24) ) syndicated loan facility for the floating, production, storage and offloading (FPSO) Anna Nery project offshore Brazil.

Yinson said on Wednesday its Singapore-based unit Yinson Production Offshore Pte Ltd (YPOPL) and Sumitomo had entered into the facility with ING, Natixis and Standard Chartered Bank as underwriting banks.