Petronas raises US$6bil from first US dollar bond market

  • 📰 NST_Online
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NSTbusiness: Petroliam Nasional Bhd is raising US$6 billion from a bond offering that marks its return to the international US dollar bond markets since early 2015.

Petronas, in a statement today, said it had successfully priced the US$6 billion multi-tranche senior bond offering.

The 10-year conventional notes were priced 290 bps over the 10-year treasury to yield 3.65 per cent, the 30-year conventional notes were priced to yield 4.55 per cent and the 40-year conventional notes were priced to yield 4.80 per cent. “The 6.2 times oversubscription ratio reflects the market’s confidence in Petronas’ credit strength which was recently affirmed at A2 by Moody’s and A- by S&P, both with stable outlooks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines