Kuala Lumpur, Malaysia – March 22, 2021. Aker Solutions in Malaysia has been awarded a contract from MISC to provide detailed engineering services for a floating production storage and offloading (FPSO) facility, offshore Rio de Janeiro, Brazil.

The FPSO engineering services work scope includes detailed design for topsides, hull, marine and subsea interfaces.

The project will be led by Aker Solutions’ engineering team in Kuala Lumpur with the support from the company’s other engineering hubs globally.

SINGAPORE, 22 MARCH 2021 – The Astrea VI private equity bonds issued this month by Astrea VI Pte. Ltd. have been tokenised by iSTOX (through Prometheus-3 Pte. Ltd.) to reduce the minimum investment ticket by up to 10 times, private market platform iSTOX, which handled the digital token allocation, announced today. This marks the first time digital tokens with exposure to bonds in the Astrea series have been offered. 

The manager of the Astrea VI transaction is a wholly-owned subsidiary of the Azalea Group, which is in turn an indirect wholly-owned subsidiary of Temasek Holdings. iSTOX’s digital tokens lower the threshold for accredited investors to gain exposure to the private equity bond asset class.

The digital issuance, or tokenisation, covered bonds from the two USD-denominated tranches – Class A-2 and Class B bonds, which saw interest rates fixed at 3.25% and 4.35% per annum respectively. iSTOX was able to reduce the minimum investment size for Class B security tokens to US$20,000, from the typical US$200,000 minimum denomination for wholesale bonds. Class A-2 security tokens were also made available from US$20,000, instead of the bonds’ US$50,000 minimum denomination. Under Monetary Authority of Singapore (MAS) regulations, the Class A-2 and Class B security tokens were open to subscriptions from accredited individual investors and institutions. 

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) today  provided further details on the additional relief measures under the PEMERKASA Strategic  Programme announced by the Prime Minister on 17 March 2021. 

These measures, which include a 12-month waiver and rebate on listing-related fees, will reduce the fundraising cost for companies and provide further financial relief to listed issuers. Details of these measures include -