Yinson and Sumitomo secure RM2.8bil loan

Yinson's floating, production, storage and offloading (FPSO) Abigail Joseph, Nigeria. The syndicated loan facility was for a similar FPSO, Anna Nery.

KUALA LUMPUR: Yinson Holdings Bhd’s Singapore-based subsidiary Yinson Production Offshore Pte Ltd and its project partner Sumitomo Corp have secured a US$670mil (RM2.84bil) syndicated loan facility for the floating, production, storage and offloading (FPSO) project, FPSO Anna Nery.

Yinson and Sumitomo Corp inked the facility agreement with ING, Natixis and Standard Chartered Bank as underwriting banks yesterday.