KUALA LUMPUR: Yinson Holdings Bhd's Singapore unit Yinson Production Offshore Pte Ltd  is looking to raise up to US$500 million through a bonds issuance.

In a filing with Bursa Malaysia Securities, the company said DNB Markets and Pareto Securities as joint bookrunners, along with ABG Sundal Collier ASA as joint lead manager, is looking to arrange a series of fixed income investor meetings commencing on April 11.

Yinson Production said a new five-year senior secured bond issue of up to US$500 million may ensure from the meetings. 

"The net proceeds from the proposed bond issue will be allocated to refinancing the company's current corporate debt and for general corporate purposes," it said.

Yinson Production has an order book of over US$22 billion until 2048. Additionally, the company has a global presence in 10 countries and operates with a fleet of nine vessels.

Yinson's share price was down 1.66 per cent to RM2.37 a share as at 3.34pm.