Petronas re-opens and closes 10 and 20 year bonds

An increased $700 million 10-year tranche and $250 million 20-year tranche were priced during New York hours yesterday (Thursday) by lead managers Morgan Stanley and Salomon Smith Barney. The two re-openings follow a $2.73 billion three-tranche deal in March, which marked Asia's largest-ever corporate bond offering and bring the overall sizes of the 10- and 20-year tranches up to $2 billion and $1 billion respectively.