Petronas starts roadshows

Roadshows begin in Hong Kong today (Monday) for a $1.5 billion bond offering.

Malaysian oil company, Petroliam Nasional Bhd. Petronas launches roadshows today for the sale of global bonds denominated in US dollar and euros to raise $1 billion and Eu500 million respectively. After Hong Kong, presentations move to Singapore on Tuesday, then Frankfurt on Wednesday, London Thursday and Boston Friday. Presentations will continue in New York the following Monday and Tuesday, with pricing thereafter.

Morgan Stanley is overall global co-ordinator and will lead manage the $1 billion bond issue, which will carry a maturity of 10 years, in tandem with Salomon Smith Barney. The Eu500m bonds will have a seven-year maturity with Barclays, HSBC and also Morgan Stanley managing the sale.

While bankers close to...

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