Yinson Production lands $1.46bn refinancing for Agogo FPSO

AI Summary

Yinson Production has priced $1.458 billion in senior secured notes backed by its Agogo floating production, storage and offloading vessel. The financing, issued by vessel owner Yinson Azalea Production, will primarily refinance the project and is described as the largest FPSO project bond to date.

Singapore-based Yinson Production has priced $1.458bn of senior secured notes backed by the Agogo FPSO, marking what the company says is the largest FPSO project bond to date and the first of its kind outside Brazil. Yinson Azalea Production, which owns the Agogo FPSO, is issuing the notes, which will be used primarily to refinance …