HONG KONG: Petroliam Nasional Bhd (Petronas) will raise an aggregate minimum of US$2.5 billion (RM8.7 billion) by selling a five-year sukuk and a 10-year conventional US dollar bond, a source close to the deal said yesterday.
The group has hired Morgan Stanley, CIMB Bank and Citigroup for the offering which is expected to be priced during New York trading hours today.An earlier news report had stated that Petronas was to launch roadshows with investor meetings in Kuala Lumpur, Singapore, London Abu Dhabi and Dubai.Petronas has indicated it will pay a yield of 175 basis points over comparable US treasuries for both tranches. - Reuters
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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