Petronas launches $4.5 billion jumbo bond

Malaysia's state-owned oil company Petronas raises the stakes for Asian borrowers by issuing five-year sukuk and 10-year conventional bonds that attract orders worth nearly $20 billion.

Petronas Petroliam Nasional Bhd has upped the stakes for Asian borrowers in the international capital markets with a $4.5 billion two-tranche deal, split between 10-year conventional notes and five-year sukuk certificates.

It was the second largest international issue from an Asian ex-Japan borrower since Hutchison Whampoa's $5 billion deal in 2003, and the sukuk tranche matched the biggest ever Islamic bond-like issue by Dubai Ports in 2007.

The 144A transaction attracted huge demand from investors worldwide,...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: petronas | citi | cimb | morgan stanley | sukuk

Print Edition

FinanceAsia Print Edition

EVENTS