<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 12): Oil-and-gas services firm Yinson Holdings Bhd has hired Nordic investment banks for a potential bond issue of up to US$500 million (RM2.37 billion).</p></div>

<div class=newsTextDataWrapInner><p>Yinson has mandated DNB Markets and Pareto Securities as joint bookrunners, and ABG Sundal Collier ASA as a joint lead manager to arrange a series of meeting with fixed-income investors since Thursday, the company said in an exchange filing on Friday. A new five-year senior secured issue may follow, it noted.</p></div>

<div class=newsTextDataWrapInner><p>Proceeds will be used to refinance the company’s existing debt and for “general corporate purposes”, Yinson added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>As at end-January, Yinson had total borrowings of RM16.32 billion, of which RM14.94 billion were long-term borrowings.</p></div>

<div class=newsTextDataWrapInner><p>The company’s net gearing ratio rose to 1.66 times as at end-January, from 1.23 times a year ago.</p></div>

<div class=newsTextDataWrapInner><p>At 2.45pm on Friday, Yinson was traded one sen or 0.4% lower at RM2.40 a share, bringing the company a market capitalisation of RM7.64 billion.</p></div>


Oil-and-gas services firm Yinson Holdings Bhd has hired Nordic investment banks for a potential bond issue of up to US$500 million (RM2.37 billion).

YInson has mandated DNB Markets and Pareto Securities as joint bookrunners, and ABG Sundal Collier ASA as a joint lead manager to arrange a series of meeting with fixed-income investors since Thursday, the company said in an exchange filing on Friday. A new five-year senior secured issue may follow, it noted.

Yinson hires bankers for potential US$500m bond issue

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<p>KUALA LUMPUR (Nov 5): The method for determining the T15 group, the search efforts for flight MH370 and measures taken by&nbsp;the government&nbsp;to address delays in&nbsp;flood mitigation projects&nbsp;will be&nbsp;among highlights of Tuesday’s&nbsp;Dewan Rakyat sitting.</p>


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<p>In the world of sports, football is a mean business and is not for the faint-hearted. In Sir Jim Ratcliffe, Britain’s fourth richest man, and co-owner of Manchester United Football Club, you have someone who means business.</p>

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<p>Several industrial firms in China are eyeing investment opportunities in Labuan, particularly within the island's financial and development sectors.&nbsp;</p>

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<p>KUALA LUMPUR (Nov 5): Malaysia aims to attract both affluent locals and foreigners having assets under management (AUM) between RM500 million and RM1.2 billion to establish their family offices in the country over the next five years.</p>


<p>OM Holdings Ltd’s (KL:OMH) near-term outlook appears cloudy as metal prices soften, while market uncertainties dampen demand for its manganese ore and ferroalloys, said BIMB Securities.</p>


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<p>ON Tuesday, Nov 5, Americans will go to the polls to elect their 47th president. Incumbent Joe Biden’s four-year term of office ends at noon on Jan 20 next year, when a new president will be sworn in. Since mid-July when Biden, 82, announced that he would not seek re-election, the race has litera...

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